The Regionalization of the World Economy
The Regionalization of the World Economy

Author: Jeffrey A. Frankel

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 295

ISBN-13: 0226260224

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Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.

The Antitrust Paradox
The Antitrust Paradox

Author: Robert Bork

Publisher:

Published: 2021-02-22

Total Pages: 536

ISBN-13: 9781736089712

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The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

Dominant Currency Paradigm: A New Model for Small Open Economies
Dominant Currency Paradigm: A New Model for Small Open Economies

Author: Camila Casas

Publisher: International Monetary Fund

Published: 2017-11-22

Total Pages: 62

ISBN-13: 1484330609

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Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.

International Financial Markets And Agricultural Trade
International Financial Markets And Agricultural Trade

Author: Thomas Grennes

Publisher: CRC Press

Published: 2019-04-24

Total Pages: 314

ISBN-13: 0429722206

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This book is an outcome of the conference on International Finance and Agricultural Trade in San Antonio, in 1988. Events such as the twin budget and trade deficits of US, large swings in the value of the dollar, and the Uruguay round of GATT negotiations spurred the interest of the conference.

Economic Evolution and Structure
Economic Evolution and Structure

Author: Frederic L. Pryor

Publisher: Cambridge University Press

Published: 1996

Total Pages: 420

ISBN-13: 9780521559249

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Pryor follows the theme of structural complexity through many different subdisciplines of economics to show how the US economy has evolved.

International Marketing
International Marketing

Author: Sak Onkvisit

Publisher: John Wiley & Sons

Published: 2004

Total Pages: 692

ISBN-13: 9780415311335

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The main aim of International Marketing, is to provide solid foundations that are useful for explanation, prediction and control of international business activities.

IMF Staff papers, Volume 42 No. 4
IMF Staff papers, Volume 42 No. 4

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 1995-01-01

Total Pages: 224

ISBN-13: 1451930909

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This paper describes early contributions of Staff Papers to international economics. The paper highlights that Staff Papers has, since its inception in 1950, been an important vehicle for the dissemination of research done by the IMF staff. This paper discusses three areas in which articles published in Staff Papers up until the 1970s made major contributions to the literature in international economics. The areas covered are: the absorption approach and the monetary theory of the balance of payments; the Mundell-Fleming model; and foreign trade modeling.

Exchange Rates and Prices
Exchange Rates and Prices

Author: William R. Smith

Publisher: Routledge

Published: 2017-04-21

Total Pages: 212

ISBN-13: 135175131X

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Originally published in 1996. This study looks at the impact of exchange rate fluctuation on the pricing practices of foreign industries that import into the United States market. It presents several studies of the pass-through behaviour of over 100 disaggregated commodity groups with bi-lateral exchange rates. The book presents analysis of specific competitors and their individual pricing responses to exchange rate changes, adding significantly to pricing theory as well as being useful for marketers in predicting business responses.

Pricing in International Markets
Pricing in International Markets

Author: Atish R. Ghosh

Publisher:

Published: 1994

Total Pages: 32

ISBN-13:

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Export firms are often assumed to stabilize destination market prices in the face of nominal exchange rate changes in order to protect market share. We show that standard tests of such pricing to market fail to discriminate against the alternative hypothesis of menu costs. As a case study, we examine the characteristics and determinants of changes in the cover prices of The Economist magazine in a sample of twelve countries over the floating rate period. We find that, while the law of one price fails, there is no evidence of systematic attempts to offset nominal exchange rate movements. Instead, the findings are consistent with menu cost driven pricing behavior.

Proceedings of IAC 2018 in Budapest
Proceedings of IAC 2018 in Budapest

Author: group of authors

Publisher: Czech Institute of Academic Education

Published: 2018-03-13

Total Pages: 420

ISBN-13: 8088203058

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International Academic Conference on Teaching, Learning and E-learning and International Academic Conference on Management, Economics and Marketing and International Academic Conference on Transport, Logistics, Tourism and Sport Science