We discuss compliance mechanisms in global climate regimes focusing on both the Kyoto Protocol arrangements and what might follow post-Kyoto. Much of the literature on compliance more generally focuses on severity of penalties and mechanisms for determining compliance in terms of the...

AbstractThis paper uses computational techniques to assess whether or not various propositions that have been advanced as plausible in the literature on regional trade agreements may actually hold. The idea is to make probabilistic statements as to whether propositions of interest might hold,...

We discuss global climate mitigation that builds on existing unilateral measures to cut emissions. We document the extent of these measures and discuss the rationale arguing that such measures have the potential to generate positive spillover effects both within and across countries. We argue...

With this Handbook, Miroslav Jovanović has provided readers with both an excellent stand-alone original reference book as well as an integral part of a comprehensive three-volume set. This introduction into a rich and expanding academic and practical world of international economic...

This paper highlights the severity of China’s AD problems, and high concentration of AD actions taken by the top initiators, noting that China can offer a higher level of economic integration in an RTA in exchange for improved regional AD provisions. Case studies on RTAs give precedents in...

We focus on the external sector component of financial instability and link changes in country imbalances to GDP growth rates in ways to produce indices of expected worsening or improving financial instability at different points in time. Our results suggest that depending upon the index used...

In this paper, we discuss monetary thought in ancient China from the perspective of Western monetary theory. We set out the structure of economic activity in the various dynasties of ancient China and emphasize the differences in monetary structure from those of Europe and later North America....

This paper examines the incentives for individual countries to engage in global negotiations to reduce carbon emissions in order to prevent global warming. To reduce carbon emissions a country reduces consumption of its own good. The direct effect of reducing its own consumption is that...

We discuss metrics of globalization for individual economies as distance measures between fully integrated and trade restricted equilibria in economies initially operating under less than full integration with the global economy. Such metrics can be used to construct country globalization...

This paper analyzes the medium to long-term implications of global warming for the evolution of global financial structures. Stern (2007) and other related scientific literature reports that greenhouse gas emissions generated by human activities will very possibly lead to global temperature...