Duplication, delays or discrimination in CAPs can significantly increase trade costs, and this risk is reflected in the growing importance of CAPs in WTO discussions and bilateral and regional free trade agreements. This paper conducts an empirical study of the trade issues that WTO Members...

"With these words, American Associate Supreme Court Justice Louis Brandeis was one of the pioneers in bringing transparency into the American legal system. His metaphor of sunlight and its "disinfectant" benefits has been cited extensively in domestic law to describe transparency policies and to...

"We propose an exchange rate model which is a hybrid of the conventional specification with monetary fundamentals and the Evans-Lyons microstructure approach. It argues that the failure of the monetary model is principally due to private preference shocks which render the demand for money...