The rapid growth of international trade in recent decades has been widely documented. It has been accompanied by transformation of the composition of trade and patterns of trade. This is especially the case for quot;intra-productquot; trade and the rise of cross-country production networks. With...

The deepening US-China trade war and two new megaregional trade agreements, the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are reshaping the landscape of East Asian trade. The CPTPP and RCEP are moving...

The paper applies fuzzy clustering techniques to developed and emerging economies in East Asia in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed are those suggested by the Optimal Currency Areas theory and the period...

During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in China. The paper explores the current role of China's...

The U.S. real effective exchange rate is at its highest level since 1985. In that year, the U.S. and its trading partners coordinated a depreciation of the dollar and the U.S. agreed to reduce its budget deficit. This paper reports that a dollar depreciation today would still improve U.S. trade...