negative shock in Mexican equities is transmitted to Asia and Latin America, and to particular countries within each region … effects which are less strong in Asia than in Latin America. The shocks seem to affect Latin American NAVs directly, while the … in Latin America to equity prices in Asia. Even though the data show that co-movements are stronger within each regional …

New regional initiatives abound, both outside Asia and within. Free Trade Areas in the West - notably NAFTA, its … possible enlargement into an FTA of the Americas, and the European Union - have implications for Asia. Asian manufacturers will … bilateral trade confirm the presence of implicit or de facto trade blocs in Asia and the Pacific, as in Europe and the Western …