Author/Editor: Torsten Sloek, Michael Klein, Luca Antonio Ricci, Hali J Edison.

Release Date:July, 2002

This paper reviews and discusses issues involved in assessing the relationship between capital account liberalization and economic performance. First, it discusses the different measures of more...

Author/Editor: Luca Antonio Ricci, Ronald MacDonald.

Release Date:February, 2002

This paper theoretically derives and empirically tests the implications of a new trade theory framework for the systematic movements in the real exchange rate. It focuses on the effect of imperfect more...

Author/Editor: Luca Antonio Ricci, Peter Isard.

Release Date:January, 1998

This paper uses a three-country, three-good, factor-specific model of trade with wage rigidities to investigate how European Monetary Union (EMU) is likely to affect exchange rate variability. more...

Author/Editor: Luca Antonio Ricci.

Release Date:June, 1997

This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, more...

Release Date:June, 1997

This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and more...