The onset of America’s war on terror in September 2001 returned Africa once again to the spotlight, for the first time since the end of the Cold War. In more than a decade since, Africa and its people have been witness to an escalating clash between a US-led coalition and violent Islamic...

The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs...

Feeling close to fellow citizens in the city is a feature of social cohesion that is worth investigation among East Asian societies for exploring societal conditions for the closeness. Because of the variation of such conditions among the societies, differentials in the closeness among the...

This paper investigates import demand in East Asia. Estimating exchange rate elasticities for countries in the region is difficult because many imports are used to produce goods for re-export. An exchange rate appreciation that reduces East Asian exports will also reduce the demand for imported...

This paper investigates import demand in East Asia. Estimating exchange rate elasticities for countries in the region is difficult because many imports are used to produce goods for re-export. An exchange rate appreciation that reduces East Asian exports will also reduce the demand for imported...

This study provides evidence supportive of Fisher hypothesis in East Asian economies using panel unit root tests, which allow for cross-country variations in the estimation. Among others, one important implication is that monetary policy will be more effective in influencing long-term interest...