Previous studies on the role of FTAs in promoting members’ international trade have usually focused on FTA premium, ignoring the difference between selection effects – trade developments before the formation of FTAs – and “learning†effects – trade growth...

This paper asks what motivates Western donors to provide foreign aid to Nepal. Results reveal existence of both donor interest and recipient need considerations in the disbursement of aid to this country over the period 1981 to 2005. Donors’ desire for promotion of commercial...

This paper analyzes monetary policy conditions in Spain before and after the changeover to the Euro as the single European currency. We use forward-looking Taylor-type rules to describe the Banco de España's pre-Euro monetary policy and find that it was clearly inflation stabilizing. Compared...

This paper empirically examines the asymmetric price setting behavior on exchange rate volatility from foreign firms of Korea’s major trading partners which causes an incomplete exchange rate pass-through into import prices in Korea. The study demonstrates that there exists a significant...

By 2019, Russia could become the world’s top wheat exporter, and Russian, Ukrainian, and Kazakhstan wheat exports collectively could more than double those of the United States. Growth in the former Soviet Union’s grain production and exports may increase world food availability...

The Western Balkan countries can be characterised by their shared goal, which is rapid accession to the EU. Agriculture is an important element to achieving this goal. The role of agriculture differs widely among the analysed countries but is more important than the average of the EU. This study...