Are currency crises caused by manias and panics in financial markets, or by unsustainable deteriorations in domestic macroeconomic conditions? This question is explored in the context of the recent Asian currency crisis. The theoretical concept of vulnerability is used to identify three...

<heading implicit="yes" id="h1" level="1" format="display">Abstract</heading> Bilateral free trade agreements (BTAs) have been proliferating. The outcome of this proliferation of often overlapping BTAs and plurilateral free trade agreements (PTAs) is described as the spaghetti bowl effect or, in the Asian region, the noodle bowl effect. This is costly, and...

type="main" xml:id="twec12206-abs-0001" <title type="main">Abstract</title> <p>This study provides an analytical review of World Trade Organization, Trade Policy Review: Cambodia, the first such report undertaken for the country. The report highlights Cambodia's rapid economic growth after one of the world's worst cases of...</p>

type="main" xml:id="twec12203-abs-0001" <title type="main">Abstract</title> <p>Most studies worldwide, and all on East Asia on the impact of free trade agreements (FTAs), have assumed full utilisation of preferences. The evidence suggests that this assumption is seriously in error, with the estimated uptake particularly low...</p>