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Is Japan Creating a Yen Bloc in East Asia and the Pacific?

Frankel, Jeffrey A. - 1992

This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1) Gravity-model estimates of bilateral trade show that the level of trade in East Asia is biased intra-regionally, as it is within the European Community and within the Western...

Persistent link: https://www.econbiz.de/10012474929

Big-Think Regionalism : A Critical Survey

Baldwin, Richard - 2008

Small Think Regionalism focused on the Vinerian question: "Would a nation gain from joining a trade bloc?" Big Think Regionalism considers regionalism's systemic impact on the world trading system, focusing mainly on two questions: "Does spreading regionalism harm world welfare?" and "Does...

Persistent link: https://www.econbiz.de/10012464590

North American Economic Integration and Industry Location

Hanson, Gordon H. - 1998

Does regional economic integration affect the location of economic activity inside countries? In this paper, I discuss recent academic literature on whether the movement towards free trade in North America has influenced the spatial organization of production in Canada, Mexico, or the United...

Persistent link: https://www.econbiz.de/10012472223

Economic Integration and Convergence : U.S. Regions, 1840-1987

Kim, Sukkoo - 1997

Despite the recent inroads made by models of interregional trade based on external" economies, the analysis of the long-run trends in U.S. regional specialization in agriculture manufacturing, wholesale trade, retail trade, services, and all economic activities indicate that" these trends are...

Persistent link: https://www.econbiz.de/10012472480

Large Countries, Small Countries, and the Enlargement of Trade Blocs

Casella, Alessandra - 1995

Are there systematic forces such that countries of different sizes participating in a free trade bloc gain differently from the entry of new members? If economies of scale imply that firms located in large countries enjoy lower costs, then the gains from enlarging the bloc will fall...

Persistent link: https://www.econbiz.de/10012473504

Is Regionalism Simply a Diversion? Evidence From the Evolution of the EC and EFTA

Bayoumi, Tamim - 1995

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade. We also find evidence of trade diversion in several cases, notably that...

Persistent link: https://www.econbiz.de/10012473587

Open Regionalism in a World of Continental Trade Blocs

Wei, Shang-Jin - 1995

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering their trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries....

Persistent link: https://www.econbiz.de/10012473603

Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s

Eichengreen, Barry - 1993

The dramatic implosion and regionalization of international trade during the 1930s has often been blamed on the trade and foreign exchange policies that emerged in the interwar period. We provide new evidence on the impact of trade and currency blocs on trade flows from 1928 1938 that suggests a...

Persistent link: https://www.econbiz.de/10012474505

How Close is Asia to Already Being A Trade Bloc?

Li, Chunding - 2014

FTA bilateral and regional negotiations in Asia have developed quickly in the past decade moving Asia ever closer to an economic union. Unlike Europe with the EU and the 1997 treaty of Rome and the 1993 NAFTA in North American, Asian economic integration does not involve a comprehensive trade...

Persistent link: https://www.econbiz.de/10012458243

Globalization and Monetary Control

Woodford, Michael - 2007

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national central banks …

Persistent link: https://www.econbiz.de/10012465321

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