This paper examines the viability of monetary treaty. Using time series data, estimates of trade masses, trade trend ratios and the trade accumulation coefficient, it finds that the European monetary union is trade-creating. Descriptive statistics indicate that internal trade has been asymmetric...

Purpose – The purpose of this paper is to investigate the performance of the trade-weighted US dollar from 1973 to 2011 as a result of monetary policy. Design/methodology/approach – Relevant time series variables – the money supply, the federal funds rate, general financial conditions,...

Purpose – The purpose of this paper is to investigate the performance of the trade-weighted US dollar from 1973 to 2011 as a result of monetary policy. Design/methodology/approach – Relevant time series variables – the money supply, the federal funds rate, general financial conditions,...

This paper examines the contributions of financial and macroeconomic variables to the revitalisation of a depressed US economy. Using time series data from 1957 to 2011 and a binary logistic regression model, it finds that government consumption expenditure and gross investment, real personal...

This article investigates the extent to which the dominance of the United States (U.S.) dollar as an international currency has been contingent on American diplomacy rather than the prosecution of expensive wars. Four wars are examined, the Korean War (1950-1953), the Vietnam War (1964-1975),...

This paper investigates the impact of globalization on structural changes in the US manufacturing sector. It finds that US productivity in the manufacturing sector has increased, but that the performance of the sector is highly contingent on changes in US national income. Changes in...

This paper examines the relationship between industrial value added and economic liberalization for a variety of relatively small economies that adopted import-substituting industrialization (ISI) and export led growth in the past. The strong economic performance by some Sub-Saharan African...