discussion of flexibility and credibility trade-offs and exit issues. …

multilateral cooperation when countries are linked by international trade flows and transboundary pollution. …

to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of … developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing …

of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …

? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …

if China's relative presence continues to rise in the regional trade. …

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic … theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new …