Research Papers:

The Regionalization of the World Economy   
Frankel, J.A. (editor) (1998)

Abstract: 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 Economic and Monetary Union: Current and Future Prospects   
Arestis, P. & M. Sawyer (1999)

Abstract: The euro was adopted as legal tender, albeit in a virtual form, by 11 countries of the European Union on January 1, 1999, with the intention that notes and coins denominated in euros would be introduced and the national currencies would be phased out during the first six months of that year and that the euro would be fully operational by 2002. This paper first reviews the current position of the EMU member states in relation to the convergence criteria under the Maastricht Treaty and finds that there must have been a considerable degree of "fudge" for the criteria to have been met. The paper next looks at the central role of aggregate demand in the EMU and at concerns about unemployment. It next examines the prospects of the current EMU arrangements, concluding that they are highly deflationary. To overcome the deflationary bias of current proposals and as a means to alleviate the serious unemployment problem, the authors recommend that the European Central Bank be enhanced by (1) the development of a new institution, the European Union Development Bank, and (2) a modification of the Stability and Growth Pact.

Fiscal Federalism and European Integration: Implications for Fiscal and Monetary Policies
Gramlich, E.M. & P.R. Wood (2000)

The Contested Meaning of Labour Market Flexibility: Economic Theory and the Discourse of European Integration   
Deakin, S. & H. Reed (2000)

Price Level Convergence in Europe   
Rogers, J.H., G.C. Hufbauer & E. Wada (2001)

Fiscal Consolidation and the Probability Distribution of Deficits: A Stochastic Analysis of the Stability Pact   
Hallett, A.J.H. & P. McAdam (2001)

Stabilization policy in a two country model and the role of financial frictions   
Faia, E. (2001)

Trade Integration and Risk Sharing   
Kraay, A. & J. Ventura (2001)

Tax Harmonization versus Tax Competition in Europe: A Game Theoretical Approach   
Fourcans, A. & T. Warin (2001)

How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies   
Kaminski, B. (2001)

A Macroeconomic Experiment in Mass Immigration
Hercowitz, Z. & E. Yashiv (2001)

The width of the intra-european economic borders
de Serres, A., P. Hoeller & C. de la Maisonneuve (2001)

Abstract: This paper first provides a brief overview of the literature on market segmentation and then presents an empirical exercise that sheds more light on the significance of border effects across European countries. The literature suggests that integration in the EU goods and financial markets is typically more advanced than among the other OECD countries. On the other hand, integration in Europe remains significantly lower than that observed between regions within countries. The empirical exercise is based on a set of comparable price data of tradeable goods collected just before the launch of the single currency. The paper finds that for a given distance, crossing national borders adds significantly to the price differential across European cities. However, this border effect is substantially smaller than the one found in previous estimates focusing on European and North American cities, which were based on the comparison of much broader price indices such as the consumer price index.

Economic Integration and Monetary Union      REVIEW PAPER
Coleman, A. (2001)

Real Convergence to EU Income Levels: Central Europe from 1990 to the Long Term
Doyle, P., L. Kuijs & G. Jiang (2001)

On the eve of EU enlargement   
Welteke, E. October 2001

The Dynamic Impact on the Central-East European Economies of Accession to the European Union   
Dyker, D.A. (2001)

Globalisation, European Integration and the Persistence of European Social Models   
Hay, C., M. Watson & D. Wincott (2001)

Fiscal Federalism, EMU and Shock Absorption Mechanisms: A Guide to the Literature   REVIEW PAPER
Pacheco, L.M. (2001)

European Labour Markets and the Euro: How Much Flexibility Do We Really Need?
Burda, M.C. (2001)

The Art of Making Everybody Happy: How to Prevent a Secession
Le Breton, M. & S. Weber (2001)

What Does the European Union Do?
Alesina, A., I. Angeloni & L. Schuknecht (2001)

The Influence of Capital Market Integration on Production and Market Structures   
Koop, M.J. (2001)

Instability and non-linearity in the EMU   
Marcellino, M. (2001)

Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification
Funke, M. & H. Strulik (2002)

Wages and wage-bargaining institutions in the EMU ­ a survey of the issues   REVIEW PAPER   
Calmfors, L. (2002)

How mobile is capital within the European Union?   
Gorter, J. & A. Parikh (2002)

EU Regional and Cohesion Policy and Economic Integration of the Accession Countries   
Bergs, R. (2002)

The ECB and Euro-Area Enlargement
Berger, H. (2002)

Trade Costs, Market Integration, and Macroeconomic Volatility
Brunner, A. & K. Naknoi (2003)

Arab Economic Integration: Between Hope and Reality   CONFERENCE VOLUME
Galal, A. & B. Hoekman (Editors) (2003)

Bayesian VARs: A Survey of the Recent Literature with an Application to the European Monetary System
Ciccarelli, M. & A. Rebucci (2003)

Regional Integration in East Asia: Challenges and Opportunities--Part I: History and Institutions   
Sakakibara, E. & S. Yamakawa (2003)

Abstract: Over the past decade, regional integration has become the focus of intense global interest and debate, and the regionalization of East Asia has figured prominently in that dialogue. East Asia can be described as a heterogeneous region that is both global and intraregional. Sakakibara and Yamakawa examine the motivating factors and underlying dynamics of the progression toward closer cooperation in the region beginning from a historical perspective, which sets the stage for an evaluation of the form that regional cooperation might take so as not to sacrifice the benefits of the region’s already achieved openness. This examination includes a review of the lingering effects of the 1997–98 Asian crisis, the expanding role of China in the region, the prolonged slump in Japan’s economy, and the evolution of regional institutions such as the Asia-Pacific Economic cooperation and the Association of Southeast Asian Nations, among others. The authors focus on trade, direct investment, and the financial and monetary aspects of regional cooperation. In their analysis, they compare other regions, particularly the European Union and the North American Free Trade Agreement. Finally, the authors suggest cooperative steps the region might take over the next decade to promote the growth and stability of its member economies. In this regard, they look at the future role of regional institutions, the prospects for a regional role in promoting trade and foreign direct investment, and the possibilities for financial and monetary cooperation.

Regional Integration in East Asia: Challenges and Opportunities--Part II: Trade, Finance, and Integration   
Sakakibara, E. & S. Yamakawa (2003)

Abstract: Sakakibara and Yamakawa analyze the patterns of East Asia’s trade and foreign direct investment (FDI) from a global and intraregional perspective, taking into account the importance of trade and FDI interlinkages. They propose two regionally-focused approaches to promoting trade and FDI in East Asia—regional agreements and regional production networks. The East Asia crisis strengthened appeals for regional cooperation in the financial area. As a result, a number of financial arrangements and initiatives have emerged since the crisis, the most prominent of these, the Chiang Mai Initiative. (The Association of Southeast Asian Nations plus China, the Republic of Korea, and Japan decided at their meeting in Chiang Mai, Thailand, in May 2000, to establish a regional network of swap arrangements.) While opening of the capital account is considered desirable in the long run, it is associated with considerable risk, particularly if macroeconomic policies are not sound and financial supervision and regulation is weak. Because of the potential volatility associated with floating regimes and the desire to avoid another crisis in the region, the authors discuss a number of options.

On the Hidden Links Between Financial and Trade Opening | Published   
Aizenman, J. (2003/08)

The Chinese Economies in Global Context: The Integration Process and Its Determinants
Cheung, Y-W., M.D. Chinn, E. Fujii (2003)

Nominal Exchange Rate Regimes and Relative Price Dispersion: On the Importance of Nominal Exchange Rate Volatility for the Width of the Border
Beck, G.W. (2003)

Net Foreign Assets And Imperfect Financial Integration: An Empirical Approach   
Selaive, J. & V. Tuesta (2003)

Market Integration and Economic Development: A Long-run Comparison | Alternative
Keller, W. & C.H. Shiue (2004)

Recent Trends in Border Economics   
Fullerton, T.M., Jr (2003)

Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913
Canjels, E., G. Prakash-Canjels & A.M. Taylor (2004)

Financial Integration: A New Methodology and an Illustration
Flood, R.P. & A.K. Rose (2004)

Regional spillovers, economic growth, and the effects of economic integration   
Holod, D. & R.R. Reed, III (2004)

On the Weights of Nations: Assigning Voting Weights in a Heterogeneous Union   
Barbera, S. & M.O. Jackson (2004)

A Constitution for the European Union
Blankart, C.B. & D.C. Mueller (editors) (2004)

Abstract: International economists and other scholars address the major issues that arise in writing a European constitution, including the evolution of federalism and the role of direct democracy.

Managing European Union Enlargement
Berger, H. & T. Moutos (editors) (2004)

Abstract: In May 2004 the European Union will undergo the largest expansion in its history when ten countries--Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia--become members. The number of new members and their diversity make this "big bang" enlargement particularly challenging. Not only do these countries vary widely in language, culture, and geography, but also their per capita income is less than half that of existing members. EU officials believe that expanded integration will serve the EU's objectives of peace, stability, prosperity, and democracy; but the less abstract questions of costs and benefits of enlargement are more complex. Each of the chapters in this CESifo volume addresses a different aspect of EU expansion. The contributors, all leading international practitioners and scholars, consider such topics as the effect of euro zone expansion on European Central Bank monetary policy making; using the euro as an external anchor for a national currency; worker migration and income differentials; the Swiss experience with immigration policy in a direct democracy framework; detailed sector analysis using a computable general equilibrium model of the world economy; investment and job creation and destruction in incumbent member countries; and the asymmetric effects of enlargement on high- and low-income incumbent countries. Taken together, the chapters provide useful guidance in shaping the EU policies of the future.

EU Enlargement, Migration and the New Constitution
Sinn, H-W. (2004)

Economic integration and privatisation under diseconomies of scale   
Barcena-Ruiz, J.C. & G.M. Begona (2005)

Determinants of Union Membership in 18 EU Countries: Evidence from Micro Data, 2002/03
Schnabel, C. & J. Wagner (2005)

On the gains from international financial integration   
Wright, M.L.J. (2005)

Tradability, Productivity, and Understanding International Economic Integration | Published   
Bergin, P.R. & R. Glick (2005/07)

Borders and Growth
Wacziarg, R.T. & E. Spolaore (2005)

What Does European Institutional Integration Tell Us About Trade Integration?   
Mongelli, F.P., E. Dorrucci & I. Agur (2005)

The real effects of financial integration   
Imbs, J. (2006)

The 'Sense and Nonsense of Maastricht' Revisited: What Have We Learnt About Stabilization In EMU?
Buiter, W. (2006)

Economic Integration and Similarity in Trade Structures
Tajoli, L. & L. de Benedictis (2006)

Macroeconomic and Financial Stability Challenges for Acceding and Candidate Countries   
Winkler, A. & R. Beck (2006)

Cartel Stability and Economic Integration   
Schröder, P.J.H. (2007)

Countries, regions and trade: On the welfare impacts of economic integration   
Behrens, K., C. Gaigné, G.I.P. Ottaviano & J-F. Thisse (2007)

European integration, productivity growth and real convergence   
Kutan, A.M. & T.M. Yigit (2007)

Is there really a “border effect”?   
Mahbub Morshed, A.K.M. (2007)

Sustaining Collusion under Economic Integration   
Colombo, L. & P. Labrecciosa (2007)

Tariffs, Trains, and Trade: The Role of Institutions versus Technology in the Expansion of Markets
Keller, W. & C.H. Shiue (2008)

The Economic Impact of European Integration
Boltho, A. & B. Eichengreen (2008)

A Theory of Optimum Currency Areas      
Mundell, R. (1961)

Abstract: While it is obvious that periodic balance-of-payments crises will remain an integral feature of the international economic system as long as fixed exchange rates and rigid wage and price levels prevent the terms of trade from fulfilling a natural role in the adjustment process, the present paper cautions against the practicability of a system of national currencies connected by flexible exchange rates. In so doing, it presents a theory of optimum currency areas.

Optimum Currency Areas      
McKinnon, R. (1963)

Abstract: This paper presents a simple model of a single currency area, and analyzes whether such an area should maintain flexible rates with the outside world. It finds that when we move across the spectrum from closed to open economies, flexible exchange rates become both less effective as a control device for external balance and more damaging to internal price-level stability.

Is there a Currency Bloc in the Pacific?   
Frankel, J.A. (1999)

Whither EMU? Revisiting the EMU One Year On   
Lim, J.J. (2000)

Toward a Common Currency?   
Cooper, R. (2000)

One Money, One Market: Estimating the Effect of Common Currencies on Trade   
Rose, A. (2001)

Currency Unions & International Integration
Rose, A.K. & C. Engel (2000)

Coordination of Fiscal Policies in a Monetary Union
Díaz-Roldán, C. (2000)

Insurance Mechanisms Against Asymmetric Shocks in a Monetary Union: A Proposal with an Application to EMU
Bajo-Rubio, O. & C. Díaz-Roldán (2000)

The Convergence of Automobile Prices in the European Union: an Empirical Analysis for the Period 1993-1999   
Gaulier, G. & S. Haller (2000)

Abstract: Over the last decade, the EC automobile market has been the scene of significant price differentials for the same vehicle across the member states. The move towards a more integrated internal market, since January 1993, obviously calls for more up-to-date empirical information. We provide an analysis of price convergence over the period 1993-1999 for EU countries. Car characteristics were collected to build aggregate prices for countries thanks to a quasi-hedonic econometric model. Price dynamic is analyzed through Sigma and Beta convergence. We found that Sigma convergence is impeded by exchange rates fluctuations, while there is a strong force driving Beta convergence. The Euro should then favor convergence.

Financial Stability in the Euro Area - Some Lessons from US Financial History
Davis, E.P. (2000)

EMU and Enlargement: A Review of Policy Issues   REVIEW PAPER   
de Souza, L.V., H. van Eden, A. de Groot, G. Romijn (NEI) & E. Ledrut (2001)

Abstract: This report is the final output of the study "Economic and Monetary Union and Enlargement" commissioned by the Directorate-General for Research of the European Parliament in May 1999. An Interim Report was provided in September 1999. The report reviews the mains policy issues concerning the accession of 10 Central and Eastern European Countries, and Cyprus and Malta, and the interaction with their parallel integration into the Economic and Monetary Union.

Will The Euro Bring Economic Crisis to Europe? | Alternative   
Arestis, P. & M. Sawyer

Abstract: It has been argued that the eurozone will face considerable economic difficulties. These will take a number of forms, two of which could qualify as "crises." First, the euro was launched at a time when unemployment levels were high (10 percent of the workforce) and disparities in the experience of unemployment and standards of living were particularly severe. These high levels of unemployment are likely to continue in the foreseeable future, and the policy arrangements that surround the operation of the euro, notably the objectives of the European Central Bank and the workings of the Stability and Growth Pact, will have a deflationary bias. These levels of and disparities in unemployment could be termed a crisis. Second, the introduction of the euro and the associated institutional setting could well serve to exacerbate tendencies toward financial crisis, including the volatility and subsequent collapse of asset prices and runs on the banking system. Some additional forces of instability may arise from the current trade imbalances and the relationship between the dollar and the euro as two major global currencies. Further, the operating arrangements of the European System of Central Banks can be seen as inadequate to cope with such financial crises.

The Future of the Euro: Is There an Alternative to the Stability and Growth Pact?   
Arestis, P., K. McCauley & M. Sawyer (2001)

Making EMU Work: Some Lessons from the 1990s
Bibow, J. (2001)

Financial market integration in Europe : on the effects of EMU on stock markets   
Fratzscher, M. (2001)

Two years into the Euro: The Next Step for Europe   
Colligon, S. (2001)

Abstract: European Monetary Union (EMU) has been good for Europe. Two years after it started, the economy of Euroland is in better shape with economic growth at 3.5 percent in 2000, the highest in over a decade, unemployment down, and price stability assured. However, contrary to previous expectations, the exchange rate has depreciated from its initial high level and although it recently seems to have turned around, public opinion often remains sceptical. Ultimately, this gap between reality and perception needs to be closed, if European integration and therefore EMU is to be sustained. In this paper, I will first review the economic arguments that led to the creation of the EMU and match them against the results. I will then analyse policy making in Euroland and put forward some recommendations for improvement.

Partisanship and fiscal policy co-ordination in a monetary union   
Acocella, N. & G. Di Bartolomeo (2001)

Does a Currency Union Affect Trade? The Time Series Evidence
Glick, R. & A.K. Rose (2001)

The Impact of the EMU on the Structure of European Equity Returns - An Empirical Analysis of the First 21 Months
Kraus, T. (2001)

The Lucas Critique in Practice: An Empirical Investigation of the Impact of European Monetary Integration on the Term Structure   
Van Bergeijk, P.A.G. & J.M. Berk (2001)

Abstract: An empirical investigation of the term structure (the relation of the long interest rate to the short interest rate) showed structural change as the deadline for the euro became closer. Our empirical analysis of the term structures (yield curves) in 12 OECD countries uncovers that econometrically estimated behavioural equations for most EMU countries were stable even in the light of the creation of the euro. This finding would seem to defy the Lucas Critique. However, the significant structural instability found for the euro area's core country Germany suggests that the Lucas Critique is relevant in the analysis of the impact of the creation (and future extensions) of EMU.

Currency Unions and Trade: How Large is the Treatment Eect?
Persson, T. (2001)

Reserve Pooling in the Eastern Caribbean Currency Union and the CFA Franc Zone: A Comparative Analysis
Williams, O., T. Polius & S. Hazel (2001)

A Statistical Analysis of Banking Performance in the Caribbean Currency Union in the 1990s
Juan-Ramon, V.H., R.E. Randall & O. Williams (2001)

Monetary Policy Under EMU: Differences in the Transition Mechanism?
Clements, B.J., Z.G. Kontolemis & J.V. Levy (2001)

Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach
Parsley, D.C. & S.J. Wei (2001)

Geography, Trade and Currency Union
Mélitz, J. (2001)

Can Countries under A Common Currency Conduct Their Own Fiscal Policies?   
Izurieta, A. (2001)

Portfolio Diversification : Alive and well in Euroland!   
Adjaoute, K. & K.P. Danthine (2001)

The Bank, the States, and the Market: An Austro-Hungarian Tale for Euroland, 1867-1914   
Flandreau, M. (2001)

Abstract: In 1867, the "Compromise" between Austria and Hungary laid the foundation of a single currency system with a common central bank. As in today’s euroland, each part of the monarchy remained sovereign in fiscal matters. Moreover, the borrowing needs of both parts of the monarchy were quite large, since Austria and Hungary sought to promote their own economic development through government spending. Yet no ‘fiscal stability pact’ existed: the two countries could run deficits to the extent of the public's willingness to lend to them. They were thus only subjected to the discipline of the capital market. This paper documents the record of the Austro-Hungarian monetary union and shows how this discipline led to a process of increased power of the central bank.

Monetary stabilisation policy in a monetary union: some simple analytics   
Brigden, A. & C. Nolan (2001)

The Costs and Benefits of Euro-sation in Central-Eastern Europe Before or Instead of EMU Membership   
Nuti, D.M. (2001)

Independent and Accountable Central Banks and the European Central Bank
de Sousa, P.A.B. (2001)

To Euro or Not to Euro?
Risse, T. (2001)

The ECB Monetary Policy Strategy and the Money Market   
Gaspar, V., G. Perez-Quiros & J. Sicilia (2001)

Limiting Currency Volatility to Stimulate Goods Market Integration: A Price-Based Approach
Parsley, D. & S.J. Wei (2001)

Monetary Unification and the Price of Risk: An Unconditional Analysis   
Dewachter, H., K. Smedts & K. Maes (2001)

Interbank Market Integration under Asymmetric Information   
Freixas, X., & C. Holthausen (2001)

The Impact of the EMU on the Structure of European Equity Returns - An Empirical Analysis of the First 21 Months   
Kraus, T. (2001)

EMU and the Stability and Volatility of Foreign Exchange: Some Empirical Evidence      
Bask, M., X. de Luna (2001)

Is Fiscal Policy Coordination in EMU Desirable?   
Beetsma, R., X. Debrun & F. Klaassen (2001)

Assessing the Advantages of EMU-Enlargement for the EU and the Accession Countries: A Comparative Indicator Approach   
Schweickert, R. (2001)

The Endogeneity of the Optimum Currency Area Criteria, Intraindustry Trade, and EMU Enlargement   
Fidrmuc, J. (2001)

Financial Market Integration in a Monetary Union   
Buch, C.M. (2001)

Can Countries under A Common Currency Conduct Their Own Fiscal Policies?
Izurieta, A. (2001)

The Euro: A Success Against the Odds   
Begg, I. (2001)

Self-Validating Optimum Currency Areas
Corsetti, G. & P. Pesenti (2002)

The Cost of Heterogeneity in a Monetary Union   
Hughes Hallett, A. & D.N. Weymark (2002)

Monetary and Fiscal Policy Dynamics in an Asymmetric Monetary Union | Published      
Clausen, V. & H.W. Wohltmann (2002)

The policy mix in a monetary union under alternative policy institutions and asymmetries   
Gagnol, L. & M. Sidiropoulos (2002)

Is the United States an optimum currency area? An empirical analysis of regional business cycles   
Kouparitsas, M.A. (2002)

Dollarization and monetary unions: implementation guidelines   
Gruben, W.C., M.A.Wynne & C.E.J.M. Zarazaga (2002)

The Forex Regime and EMU Expansion   
van Foreest, P.W. & C.G. de Vries (2002)

Abstract: This paper provides empirical evidence that, irrespective of the foreign exchange rate regime, countries with high monetary volatility have lower relative output growth rates. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the stability of the institutional structure within which monetary and fiscal policies are formulated. Subsequently, the likely endogenous response in the accession countries upon entry into EU and EMU is examined. This provides arguments for a rapid transition phase, possibly complemented by a one sided euroisation as a commitment device.

The Forex Regime and EMU Expansion   
van Foreest, P.W. & C.G. de Vries (2002)

Price Dynamics in Central and Eastern European EU Accession Countries   
Backé, P., J. Fidrmuc, T. Reininger& F. Schardax (2002)

Exchange-Rate and Interest-Rate Driven Competitive Advantages in the EMU   
Niclas, A. & L. Oxelheim (2002)

Currency Unions and International Integration: Evidence from the CFA and the ECCU   
Fielding, D. & K. Shields (2002)

One money, but many fiscal policies in Europe : what are the consequences?   
Uhlig, H. (2002)

Real and Monetary Convergence within the European Union and Between the European Union and Candidate Countries: A Rolling Cointegration Approach
Brada, J.C., A.M. Kutan & S. Zhou (2002)

Towards Regional Currency Areas   CONFERENCE VOLUME
CEPII (2002)

Regional Price Adjustment in a Monetary Union the Case of EMU
Berk, J.M. & J. Swank (2002)

Compatibility Between Monetary and Fiscal Policy Under EMU   
Leith, C. & S. Wren-Lewis (2002)

Views on the Optimum Currency Area Theory: What is EMU Telling US?   
Mongelli, F.P. (2002)

Monetary Union: European Lessons, Latin American Prospects   
Hochreiter, E., K. Schmidt-Hebbel & G. Winckler (2002)

The Federal Design of a Central Bank in a Monetary Union: The Case of the European System of Central Banks   
Eijffinger, S.C.W. (2002)

Time inconsistency and free-riding in a monetary union   
Chari, V. V. & P.J. Kehoe (2002)

Nominal Wage Flexibility in a Monetary Union   
Erlandsson, M. (2002)

Time Consistency and Free-Riding in a Monetary Union
Chari, V.V. & P.J. Kehoe (2002)

Monetary Integration in the Southern Cone: Mercosur Is Not Like the EU?
Belke, A. & D. Gros (2002)

Reflections on the Optimal Currency Area (OCA) criteria in the light of EMU   
Artis, M.J. (2002)

The Euro Is Good After All: Corporate Evidence   
Bris, A., Y. Koskinen & M. Nilsson (2002)

Monetary policy and the financial acclerator in a monetary union   
Gilchrist, S., J. Hairault & H. Kempf (2002)

Price Convergence under EMU? First Estimates
Lutz, M. (2002)

Economic Effects of Currency Unions
Tenreyro, S. & R.J. Barro (2003)

Monetary Union in West Africa: Who Might Gain, Who Might Lose, and Why?
Debrun, X., P. Masson & C. Pattillo (2003)

A Currency Union for the Caribbean
Worrell, D. (2003)

Trade Effects of Monetary Integration in Large, Mature Economies: A Primer on the European Monetary Union   
de Souza, L.V. (2003)

Regional inflation in a currency union: fiscal policy vs. fundamentals | Published      
Duarte, M. & A.L. Wolman (2003/08)

Asymmetric Information and Monetary Policy in Common Currency Areas
Bottazzi, L. & P. Manasse (2003)

Towards a Single Retail Banking Market? New Evidence from Euroland   
Kleimeier, S. & H. Sander (2003)

Electonic Money and the Optimal Size of Monetary Unions
Storti, C., & P. De Grauwe (2003)

Monetary and Fiscal Policy Interactions in a Micro-Founded Model of a Monetary Union | Published      
Beetsma, R. & H. Jensen (2003/2005)

Common Currencies versus Monetary Independence   
Cooley, T.F. & V. Quadrini (2003)

Currency Unions and Trade: Variations on Themes by Rose and Persson   
Kenen, P. (2003)

EU Enlargement and Beyond: A Simulation Study on EU and CIS Integration   
Sulamaa, P. & M. Widgrén (2003)

Patching up the Pact: some Suggestions for Enhancing Fiscal Sustainability and Macroeconomic Stability in an Enlarged European Union   
Buiter, W.H. & C. Grafe (2003)

Asian Monetary Integration: A Structural VAR Approach   
Zhang, Z., K. Sato & M. McAleer (2003)

The Impact of the Euro on Trade: The (Early) Effect is Not So Large   
De Nardis, S. & C. Vicarelli (2003)

Prospects for an Asian currency area   
Mundell, R. (2003)

Symbiosis of monetary and fiscal policies in a monetary union   
Dixit, A. & L. Lambertini (2003)

Monetary Union and the Interest-Exchange Rate Trade-off   
Bohn, F. (2003)

Monetary Union, Entry Conditions and Economic Reform   
Ozkan, F.G., A. Sibert & A. Sutherland (2003)

The Impact of Regionalism on Trade in Europe
Alho, K.E.O. (2003)

Labour market flexibility and policy coordination in a monetary union   
Rantala, A. (2003)

The Impact of Monetary Union on Trade Prices
Anderton, R., R.E. Baldwin & D. Taglioni (2003)

Macroeconomic Policies of the Economic and Monetary Union: Theorectical Underpinnings and Challenges | Alternative
Arestis, P. & M. Sawyer (2003)

Mark-Up Fluctuations and Fiscal Policy Stabilization in a Monetary Union
Beetsma, R. & H. Jensen (2003)

Mundell Revisited: a Simple Approach to the Costs and Benefits of a Single Currency Area | Published   
Ching, S. & M.B. Devereux (2003)

Double Discretion, International Spillovers and the Welfare Implications of Monetary Unification
Cavelaars, P.A.D. (2003)

Financial market integration in the euro area   
Gjersem, C. (2003)

Structural Reforms and the Enlargement of Monetary Union   
Hefeker, C. (2003)

The Euro Area Financial System: Structure, Integration and Policy Initiatives
Hartmann, P., A. Maddaloni & S. Manganelli (2003)

Creating the U.S. Dollar Currency Union, 1748–1811: A Quest for Monetary Stability or a Usurpation of State Sovereignty for Personal Gain?   
Grubb, F. (2004)

On the Desirability of Fiscal Constraints in a Monetary Union | Published   
Chari, V.V. & P.J. Kehoe (2004/07)

Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions
Cooper, R., H. Kempf & D. Peled (2004)

Inflation convergence after the introduction of the Euro   
Mentz, M. & S.P. Sebastian (2003)

A Meta-Analysis of the Effect of Common Currencies on International Trade
Rose, A. (2004)

Nominal versus Real Convergence with Respect to EMU Accession: How to Cope with the Balassa-Samuelson Dilemma   
Schnabl, G. & P. De Grauwe (2004)

Have a Break, Have a ... National Currency: When Do Monetary Unions Fall Apart?   
Nitsch, V. (2004)

Financial Integration, Exchange Rate Regimes in CEECs, And Joining the EMU: Just Do It...   
Maurel, M. (2004)

European Monetary Integration      CONFERENCE VOLUME
Sinn, H-W., M. Widgrén & M. Köthenbürger (2004)

Abstract: Studies examining the policy challenges posed by European monetary integration, including asymmetry problems and fiscal concerns.

The Suitability of a Greater China Currency Union   
Cheung, Y-W. & J. Yuen (2004)

Does a common currency lead to (more) price equalization? The role of psychological pricing points   
Friberg, R. & T.Y. Matha (2004)

External Effects of Currency Unions   
Plümper, T. & V.E. Troeger

Instability And Trade In Currency Areas | Published      
Alonso, A., L.C. Corchon & V. Guzman (2004/07)

Currency unions and the real exchange rate   
Ca'Zorzi, M. & R.A. De Santis (2004)

Measuring the Trade Effects of EMU
Faruqee, H. (2004)

A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar
Rousseau, P.L. (2004)

Leaving EMU: a real options perspective   
Strobel, F. (2004)

One money, one cycle? Making Monetary Union a smoother ride
Hoeller, P., C. Giorno & C. de la Maisonneuve (2004)

Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU
Eijffinger, S.C.W. & M. Governatori (2004)

Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities
Yehoue, E. (2004)

How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
Canzoneri, M.B., R.E. Cumby & B.T. Diba (2005)

The Effect of Monetary Unification on Public Debt and its Real Return
Beetsma, R. & K. Vermeylen (2005)

Measuring the Economic Impact of Monetary Union: The Case of Okinawa   
Takagi, S., M. Shintani & T. Okamoto (2005)

Monetary policy problems for currency unions: asymmetry and the problem of aggregation in the euro area   
Mayes, D.G. & M. Viren (2005)

Fiscal stabilization policy in a monetary union with inflation targeting   
Andersen, T.M. (2005)

On the Pattern of Currency Blocs in Africa
Yehoue, E. (2005)

The Euro and the Stability Pact
Feldstein, M. (2005)

Endogeneities of optimum currency areas: what brings countries sharing a single currency closer together?   
De Grauwe, P. & F.P. Mongelli (2005)

Interest rate decisions in an asymmetric monetary union   
Matsena, E. & Ø. Røislandb (2005)

Welfare Implications of Joining a Common Currency   
Ca'Zorzi, M., R.A. De Santis & F. Zampolli (2005)

Small country benefits from monetary union   
Grubel, H. (2005)

Uncertainty, Wage Setting and Decision Making in a Monetary Union
Hefeker, C. (2005)

Dynamic stock market integration driven by the European Monetary Union: An empirical analysis
Kim, S.J., F. Moshirian & E. Wu (2005)

Fiscal and Monetary Rules for a Currency Union   
Ferrero, A. (2005)

Wage Rigidity and Monetary Union   
Dellas, H. & G. Tavlas (2005)

Prospects for Monetary Unions after the Euro      CONFERENCE VOLUME
De Grauwe, P. & J. Mélitz (editors) (2005)

Abstract: Empirical and theoretical studies on such questions as the desirability and optimal functioning of monetary unions, the enlargement of the eurozone, and the institution of monetary unions in Latin America and East Asia.

Optimal Monetary and Fiscal Policy in a Currency Union
Gali, J. & T. Monacelli (2005)

Is Time Ripe for a Currency Union in Emerging East Asia? The Role of Monetary Stabilisation   
Sanchez, M. (2005)

Towards European Monetary Integration: The Evolution of Currency Risk Premium as a Measure for Monetary Convergence Prior to the Implementation of Currency Unions   
Gonzalez, F. & S. Launonen (2005)

Inflation targeting rules and welfare in an asymmetric currency area   
Lombardo, G. (2006)

Rational Inattention, Inflation Developments and Perceptions after the Euro Cash Changeover   
Ehrmann, M. (2006)

Monetary Union with Voluntary Participation   
Fuchs, W. & F. Lippi (2006)

The Role of Fiscal Policy in a Monetary Union: Are National Automatic Stabilizers Effective? | Published      
Colciago, A., A. Muscatelli & T. Ropele (2006/08)

Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective
Edwards, S. (2006)

The Parallel-Currency Approach to Asian Monetary Integration   
Eichengreen, B. (2006)

MENA countries as optimal currency areas: Reality or dream   
Sahin, H. (2006)

The Real Effects of EMU
Lane, P.R.

The Elusive Gains from International Financial Integration   
Gourinchas, P-O. & O. Jeanne (2006)

Implications of Monetary Union for Catching-up Member States   
Sanchez, M. (2006)

Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models
Le, V.P.M. & P. Minford (2006)

What Do We Now Know About Currency Unions?
Artis, M.J. (2006)

Euros and Zeros: The Common Currency Effect on Trade in New Goods
Baldwin, R.E. & V. Di Nino (2006)

One Market, One Money, One Price?   
Allington, N.F.B., P.A. Kattuman & F.A. Waldmann (2006)

Welfare Effects of the Euro Cash Changeover
Wunder, C., J. Schwarze, G. Krug & B. Herzog (2006)

Convergence to Purchasing Power Parity at the Commencement of the Euro   
Lopez, C. & D.H. Papell (2007)

Monetary stabilisation in a currency union: The role of catching up member states   
Sánchez, M. (2007)

Currency Areas and International Assistance   
Worrall, T. & P.M. Picard (2006)

Explaining the early years of the euro exchange rate: An episode of learning about a new central bank   
Gómez, M., M. Melvin & F. Nardari (2007)

Monetary union, price level convergence, and inflation: How close is Europe to the USA?   
John H. Rogers (2007)

Currency areas and international assitance   
Picard, P.M. & T. Worrall (2007)

A Monetary Union Model with Cash-in-Advance Constraints   
Cengiz, G., C. Deniz, T.U. Kuzubas, N.B. Olcay & I. Saglam (2007)

Exchange rate volatility and growth in small open economies at the EMU periphery   
Schnabl, G. (2007)

The Breakup of the Euro Area
Eichengreen, B. (2007)

A Model of an Optimum Currency Area   
Ricci, L.A. (2007)

Sui Generis EMU
Eichengreen, B. (2008)

The mechanics of a monetary union with segmented financial markets   
Alves, N. (2008)

A Modern Reconsideration of the Theory of Optimal Currency Areas
Corsetti, G. (2008)

EMU enlargement, stabilization costs and insurance mechanisms   
Afonso, A. & D. Furceri (2008)

The trade and FDI effects of EMU enlargement   
Brouwer, J., R. Paap & J-M. Viaene (2008)

In search of a euro effect: Big lessons from a Big Mac Meal?   
Parsley, D. & S-J. Wei (2008)

The euro: Did the markets cheer or jeer?   
Green, C.J. & Y. Bai (2008)

Sharing Money Creation in a Monetary Union   
Auray, S., A. Eyquem, G. Hamiache & J-C. Poutineau (2008)

Research papers Regional Integration Agreements has been filed under the international trade research section.

Globalization

The myth of economic globalization : notes from a European perspective   
Kleinknecht, A. & J. Wengel (1997)

Papers on Globalisation & Poverty

Eliminating World Poverty: Making Globalisation Work for the Poor
Department for International Development (2000)

White Paper Background Papers   
Various authors (2000)

Abstract: Background papers for the UK Government's second White Paper on International Development entitled: "Eliminating World Poverty: Making Globalisation Work for the Poor".

Globalization and Macroeconomics   
Obstfeld, M. (2000)

Abstract: Since the earliest days of systematic economic analysis, economists have sought to understand how the openness of economies affects their responses to disturbances occurring both at home and abroad. Indeed, the 1999 Nobel Memorial Prize in Economics was presented to Robert A. Mundell in large part for his pioneering studies of the links among economic policy, monetary arrangements, and the degrees of international capital and labor mobility. My recent research concentrates on four sets of questions in international macroeconomics. First, how integrated are world markets, and what does the degree of integration imply for macroeconomic phenomenons? Second, how can we model the open economy in a way that is useful for guiding policy? Third, what are the implications for international monetary arrangements? Fourth, what forces have promoted international economic integration, specifically the integration of capital markets?

Does Globalization Make the World More Unequal?
Lindert, P.H. & J.G. Williamson (2001)

Civil regulation - new governance for the global economy?
Bendell, J. (2001)

Financial Systems, Economic Growth, and Globalization
Rousseau, P.L. & R. Sylla (2001)

Globalization and the Challenge for Developing Countries
Yusuf, S. (2001)

Globalization   
Greenspan, A. (US Fed) (2001)

Global Trends 2015: A Dialogue About the Future With Nongovernment Experts
Various (2001)

Winners and losers: making the most of globalisation
White, H. (2001)

Abstract: Can developing country governments simultaneously integrate with the world economy and work towards poverty elimination? Who are the losers from globalisation and how should the international community respond to the fact of their loss?

Globalization and Firms' Financing Choices: Evidence from Emerging Economies | Published   
Schmukler, S. & E. Vesperoni (2002/05)

International Migration and the Global Economic Order:An Overview
Solimano, A. (2002)

Does Globalization Increase Child Labor? Evidence from Vietnam
Edmonds, E. & N. Pavcnik (2002)

Globalization and Inequality: Evidence from Within China
Wei, S.J. & Y. Wu (2002)

Globalization and Capital Markets
Obstfeld, M. & A.M. Taylor (2002)

New world order? In search of stability for the global economy
Gardiner, R. (2002)

Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets | Published   
Bordo, M.D. & A.P. Murshid (2002/06)

Globalizzazione   
Helg, R. (2002)

Globalisation: a threat to social policy?
Norton, A. (2002)

The Missing Globalization Puzzle
Coe, D.T., A. Subramanian, N.T. Tamirisa & R. Bhavnani (2002)

Globalization and Democracy   REVIEW PAPER
Munck, R.P & B.K. Gills (2002)

Abstract: The Annals of the American Academy of Political and Social Science, Volume 581.

Financial Globalization and Real Regionalization | Alternative
Heathcote, J. & F. Perri (2002)

Abstract: Over the period 1972-1986, the correlations of GDP, employment and investment between the United States and an aggregate of Europe, Canada and Japan were respectively 0.76, 0.66, and 0.63. For the period 1986 to 2000 the same correlations were much lower: 0.26, 0.03 and -0.07 (real regionalization). At the same time, U.S. international asset trade has significantly increased. For example, between 1972 and 1999, United States gross FDI and equity assets in the same group of countries rose from 4 to 23 percent of the U.S. capital stock (financial globalization). We document that the correlation of real shocks between the U.S. and the rest of the world has declined. We then present a model in which international financial market integration occurs endogenously in response to less correlated shocks. Financial integration further reduces the international correlations in GDP and factor supplies. We find that both less correlated shocks and endogenous financial market development are needed to account for all the changes in the international business cycle.

Globalization, Trade, and Development: Some Lessons From History
Taylor, A.M. (2002)

Overturning Mundell: fiscal policy in a monetary union   
Cooper, R. & H. Kempf (2002)

Economic Insecurity and the Globalization of Production   
Scheve, K. & M. Slaughter (2002)

Determinants of FDI in Developing Countries: Has Globalization Changed the Rules of the Game?   
Nunnenkamp, P. (2002)

Globalization and Workers in Developing Countries
Rama, M. (2003)

Financial Globalization: Unequal Blessings   
de la Torre, A., E.L. Yeyati & S. Schmukler (2003)

Financial Globalization: Some Conceptual Problems
Arestis, P. & S. Basu (2003)

Financial Integration and Macroeconomic Volatility
Kose, A., E.S. Prasad & M.E. Terrones Silva (2003)

AFTA and the Asian Crisis: Help or Hindrance to ASEAN Intra-Regional Trade
Elliott, R.J.R. & K. Ikemoto (2003)

International Financial Integration | Alternative
Lane, P. & G.M. Milesi-Ferretti (2003)

Information Diffusion in International Markets
Morisset, J., A. Izquierdo & M. Olarreaga (2003)

The Elusive Gains from International Financial Integration
Gourinchas, P.O. & O. Jeanne (2003)

The Debate on Globalization, Poverty, and Inequality: Why Measurement Matters
Ravallion, M. (2003)

Globalisation: heralding the end of the developmental state?
Newell, P. (2003)

Democracy's Dilemma: Environment, Social Equity, and the Global Economy
Paehlke, R.C. (2003)

Globalization and Its Challenges   
Fischer, S. (2003)

Benefits and Costs of International Financial Integration: Theory and Facts
Agenor, P.R. (2001)

International Financial Integration   
Lane, P.R. & G.M. Milesi-Ferretti (2003)

Trade Openness, Foreign Direct Investment and Child Labor   
Neumayer, E. & I. de Soysa (2003)

Financial Globalization and Regulation | Alternative   
Arestis, P. & S. Basu (2004)

Globalization and Poverty   
Majid, N. (2004)

Fooling Ourselves: Evaluating the Globalization and Growth Debate
Hallak, J.C. & J. Levinsohn (2004)

Challenges to Globalization   
Baldwin, R.E. (2004)

Abstract: Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding globalization's relationship to democracy, its impact on the environment, and the associated expansion of trade and its effects on prices. Of significant note are papers on the labor market that discuss the infamous brain drain, sweat shop labor, wage levels, and changes in production processes.

Has Globalization Gone Far Enough? The Costs of Fragmented Markets
Bradford, S.C. & R.Z. Lawrence (2004)

A fair globalization: creating opportunities for all
ILO (2004)

Wealth bias in the first global capital market boom, 1870-1913   
Clemens, M.A. & J.G. Williamson (2004)

The G-20 and the World Economy
Bergsten, C.F. (2004)

Islam, Globalization, and Economic Performance in the Middle East   
Noland, M. & H. Pack (2004)

Globalization, Returns to Accumulation and the World Distribution of Output | Published   
Beaudry, P. & F. Collard (2004/06)

Globalization, Technology and Asian Development
Stiglitz, J. (2004)

False Prophet, or Genuine Savior? Assessing the Effects of Economic Openness on Sustainable Development, 1980-1999   
de Soysa, I. & E. Neumayer (2004)

Globalization, Poverty, Inequality, and Insecurity: Some Insights from the Economics of Happiness   
Graham, C. (2004)

Globalization’s Bystanders: Does Globalization Hurt Countries that Do Not Participate?   
Deardorff, A.V. & R.M. Stern (2004)

What Are the Right Institutions in a Globalizing World? And ... Can We Keep Them if We've Found Them?
Islam, R. (2004)

Financial Globalization, Growth and Volatility in Developing Countries   
Prasad, E.S., K.S. Rogoff, S-J. Wei & M.A. Kose (2004)

Abstract: This paper provides a comprehensive assessment of empirical evidence about the impact of financial globalization on growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However, we do find that financial globalization can be beneficial under the right circumstances. Empirically, good institutions and quality of governance are crucial in helping developing countries derive the benefits of globalization. Similarly, macroeconomic stability appears to be an important prerequisite for ensuring that financial globalization is beneficial for developing countries. Finally, countries that employ relatively flexible exchange rate regimes and succeed in maintaining fiscal discipline are more likely to enjoy the potential growth and stabilization benefits of financial globalization.

Globalization and Disinflation: A Note
Razin, A. (2004)

Fair Trade: A 'Third Generation' Welfare Mechanism to Make Globalisation Sustainable
Adriani, F. & L. Becchetti (2004)

Globalization and the Returns to Speaking English in South Africa
Levinsohn, J. (2004)

Policies Facilitating Firm Adjustment to Globalization
Hoekman, B. & B.M. Javorcik (2004)

Why are the Critics so Convinced that Globalization is Bad for the Poor?
Aisbett, E. (2005)

Economic Takeoffs in a Dynamic Process of Globalization   
Bond, E.W., R.W. Jones & P. Wang (2005)

Globalisation vs Skill-Biased Technological Change: Implications for Unemployment and Wage Inequality   
Moore, M.P. & P. Ranjan (2005)

Globalization and Values
Whalley, J. (2005)

Metrics Capturing the Degree to which Individual Economies are Globalized
Riezman, R., J. Whalley & S. Zhang (2005)

A Better Globalization: Legitimacy, Governance, and Reform   
Dervis, K. (2005)

Abstract: The huge costs of armed conflict, the great challenge of state failure, and the slow pace of international actions to address world poverty all point to weaknesses in the global institutional framework and the need for much more effective international cooperation. In this book, Kemal Dervis argues that it is time to build a new international governance structure, breaking away from a system that reflects the post World War II world toward one that is appropriate to the realities and requirements of the 21st century. He proposes a reform of the international institutional architecture based on high-level governance in both the political and economic domains by a renewed and modernized United Nations. Navigating between careful realism and bold idealism, he formulates a coherent vision encompassing both institutional reform and new ideas for policies supported by the specialized institutions such as the IMF, the World Bank, the WTO, the UN agencies themselves, and regional institutions such as the regional development banks. In this plea for “better” globalization, Dervis proposes that, under the legitimizing umbrella of the UN, the specialized institutions deal with the deep causes of the obstacles to poverty reduction and instability rather than their immediate manifestations. He recognizes the great potential that more and freer trade can have for accelerating growth throughout the world. He also stresses, however, that for this potential to be unleashed, the hearts and minds of people must be won by transforming not only the WTO framework but the entire governance of the international economic system into something that is perceived as more legitimate and more responsive to the concerns of the developing world as well as wealthy and creditor nations.

Globalization in Historical Perspective      CONFERENCE VOLUME
Bordo, M.D., A.M. Taylor & J.G. Williamson (editors) (2005)

Abstract: As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. This volume presents a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration.

Globalization and Developing Countries - A Shrinking Tax Base?
Aizenman, J. & Y. Jinjarak (2006)

Globalization and Stock Market Returns
Lam, S.S. &l W. Ang (2006)

Globalization in the World of Finance: An Analytical History
Das, D.K. (2006)

China's Embrace of Globalization
Bransetter, L. & N. Lardy (2006)

Financial Globalization: A Reappraisal
Kose, M.A., E. Prasad, S-J. Wei & K. Rogoff (2006)

The External Financing of Emerging Market Countries: Evidence from Two Waves of Financial Globalization
Lince de Faria, A., P. Mauro, M. Minnoni & A. Zaklan (2006)

Poverty Traps, Distance, and Diversity: The Migration Connection
Williamson, J.G. (2006)

Inequality and Schooling Responses to Globalization Forces: Lessons from History
Williamson, J.G. (2006)

International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30
Taylor, A.M. & J.L.F. Wilson (2006)

Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective
Meissner, C.M. & A.M. Taylor (2006)

Globalization and the ‘confidence game’   
Mukand, S.W. (2006)

Trade Costs in the First Wave of Globalization
Jacks, D.S., C.M. Meissner & D. Novy (2006)

Ideology and Voter Preferences as Determinants of Financial Globalization   
Quinn, D.P. & A.M. Toyoda (2007)

Risk, Government and Globalization: International Survey Evidence
Mayda, A.M., K.H. O'Rourke & R. Sinnott (2007)

Distributional Effects of Globalization in Developing Countries      REVIEW PAPER
Goldberg, P.K. & N. Pavcnik (2007)

Globalisation and the role of effective international institutions   
Moshirian, F. (2007)

Migration, spillovers, and trade diversion: The impact of internationalization on domestic stock market activity   
Levine, R. & S.L. Schmukler (2007)

It's a Big World After All   
Brakman, S. & C. van Marrewijk (2007)

Distressed workers: What has globalization to do with it? Distressed workers: What has globalization to do with it?   
Bhagwati, J. (2007)

Globalization and Monetary Control
Woodford, M. (2007)

Social Security in a globalizing world   
Kannan, K.P. (2007)

Financial Globalization and Emerging Market Portfolios   
Devereux, M.B. (2007)

On the Welfare Implications of Financial Globalization without Financial Development
Mendoza, E.G., V. Quadrini & J-V. Ríos-Rull (2007)

Challenges to Globalization   
Baldwin, R.E. (2007)

Abstract: Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices.

Globalization and Its Impact on Labour   
Feenstra, R.C. (2007)

How to Save Globalization from its Cheerleaders
Rodrik, D. (2007)

Foreign Capital and Economic Growth in the First Era of Globalization
Bordo, M.D. & C.M. Meissner (2007)

International Financial Integration and the Real Economy
Evans, M.D.D. & V.V. Hnatkovska (2007)

Surviving globalisation   
Greenaway, D., J. Gullstrand & R. Kneller (2008)

Was Germany Ever United? Evidence from Intra- and International Trade, 1885 -1933
Wolf, N. (2008)

Globalization, Macroeconomic Performance, and Monetary Policy
Mishkin, F.S.

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