about the purpose of a trade agreement in a pre-digital model world economy, and how this purpose can be seen to be … reflected in the broad design features of both GATT and GATS, the WTO agreements that govern international trade in goods and … services respectively. Finally, I introduce digital trade into the model world economy and revisit the purpose of a trade …

Now in prospect is a major revision of international bank capital regulations that would embody recent advances in …

information heavily determines the pattern of international transactions. Our model integrates elements of the finance literature … on portfolio composition and the international macroeconomics and asset trade literature. Gross asset flows depend on …

In this article, we formulate a time-scale decomposition of an international version of the CAPM that accounts for both … upon the choice of the world market portfolio. In particular, the stock markets of the sampled countries appear to be more …

Lack of income convergence for the world as a whole has led to concerns about the impact of globalization of markets on … world inequality. GDP per capita is usually used to proxy for the quality of life of individuals living in different …