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This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in place. Most of the anticipated benefits from a...
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This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...
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There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid … economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically … emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between …
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global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into …
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The argument of this paper is that growing capital mobility is unavoidable. Domestic financial liberalization and the revolution in information and communications technologies make it much more difficult to stop capital flows at the border. Effective controls will therefore have to become...
Persistent link: https://www.econbiz.de/10014140332