The global financial storm which started in 2007 and which we are still experiencing is one of the very best examples in recent economic history of how much the financial system can exacerbate real economy cycles. Such pro-cyclicality has triggered a lively debate on which tools can be used to...

Dollarization: Lessons from Europe and the Americas, edited by Louis-Philippe Rochon and Mario Seccareccia (Routledge, 2003). 192 pp., 26 line figures, 3 tables, (hardback), ISBN 04 1 5298784.

This book addresses the prospects and challenges concerning both soft and hard infrastructure development in Asia and provides a framework for achieving Asian connectivity through regional infrastructure cooperation towards a seamless Asia.

Purpose The purpose of this paper is to investigate what affects trade in parts and components, particularly for Latin America and East Asia. Design/methodology/approach The methodology includes using data analysis as well as regressions Findings The main findings show that logistics and...

Dollarization: Lessons from Europe and the Americas, edited by Louis-Philippe Rochon and Mario Seccareccia (Routledge, 2003). 192 pp., 26 line figures, 3 tables, (hardback), ISBN 04 1 5298784.

This paper aims at providing an analytical examination of the criticism that the WTO is unfair and hurts the weak, developing countries. We utilize a formal model with the following features: in both the powerful and the weak economies, pressure groups lobby to influence their trade policies in...

This paper assesses empirically whether global investors´ risk aversion-and its main determinants (U.S. economic growth and the U.S. risk-free rate)-explains developments in Latin American sovereign spreads. We find that global risk aversion is significant and positively related to sovereign...

In this paper, we examine the determinants of Indian and Chinese FDI outflows. There are three sets of results. First, Chinese investment is attracted to more corrupt countries, while India is attracted to economies with better rule of law. Further analysis suggests that our result of China...