This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … bear out a trend toward intra-regional bias of trade flows. (4) The world's strongest trade grouping is the one that …

We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets … denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve … instability of the system, as well as the common prediction regarding the natural and beneficial emergence of a multipolar world …

geopolitical factors. Using data on foreign reserves of 19 countries before World War I, for which the currency composition of … hypothetical scenario where the U.S. withdraws from the world, our estimates suggest that long-term U.S. interest rates could rise …

integration of these domestic markets with world financial markets suggests that it will be more difficult for these countries to …

. Japan's joining TPP would be beneficial to both herself and all other TPP countries, but negative effects on China and other … free trade effects which will benefit all countries (not just member countries) in the world, and the positive effects of …