WORLD SCIENTIFIC STUDIES IN INTERNATIONAL ECONOMICS (ISSN: )

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WORLD SCIENTIFIC STUDIES IN INTERNATIONAL ECONOMICS (ISSN: 1793-3641) Series Editor Robert M. Stern (University of Michigan and University of California-Berkeley, USA) Editorial Board Vinod K. Aggarwal (University of California-Berkeley, USA) Alan Deardorff (University of Michigan, USA) Paul DeGrauwe (Katholieke Universiteit Leuven, Belgium) Barry Eichengreen (University of California-Berkeley, USA) Mitsuhiro Fukao (Keio University, Tokyo, Japan) Robert L. Howse (New York University, USA) Keith E. Maskus (University of Colorado, USA) Arvind Panagariya (Columbia University, USA) Published Vol. 1 Cross-Border Banking: Regulatory Challenges edited by Gerard Caprio (Williams College, USA), Douglas D Evanoff (Federal Reserve Bank of Chicago, USA) and George G Kaufman (Loyola University Chicago, USA) Vol. 2 International Financial Instability: Global Banking and National Regulation edited by Douglas D Evanoff (Federal Reserve Bank of Chicago, USA), George G Kaufman (Loyola University Chicago, USA) and John R LaBrosse (International Association of Deposit Insurers, Switzerland) Vol. 3 Risk Management and Value: Valuation and Asset Pricing edited by Mondher Bellalah (Université de Cergy-Pontoise,, France), Jean-Luc Prigent (Université de Cergy-Pontoise, France), Jean-Michel Sahut (ESC Amiens,, France), Georges Pariente (Institut Supérieur de Commerce Paris, France), Olivier Levyne (Institut Supérieur de Commerce Paris, France), Michel Azaria (Institut Supérieur de Commerce Paris, France) and Annie Delienne (Université de Cergy-Pontoise, France) Vol. 4 The Rules of Globalization: Case Book edited by Rawi Abdelal (Harvard University, USA) Vol. 5 Institutions and Gender Empowerment in the Global Economy edited by Kartik Roy (University of Queensland, Australia), Hans Blomqvist (Swedish School of Economics & Business Administration, Finland) and Cal Clark (Auburn University, USA) Vol. 6 Globalization and Systemic Risk edited by Douglas D Evanoff (Federal Reserve Bank of Chicago, USA), David S Hoelscher (International Monetary Fund, USA) and George G Kaufman (Loyola University Chicago, USA)

Vol. 7 Fostering Monetary and Financial Cooperation in East Asia edited by Duck-Koo Chung (North East Asia Research Foundation, South Korea) and Barry Eichengreen (University of California, Berkeley, USA) Vol. 8 Challenges of Economic Development in the Middle East and North Africa Region by Julia C Devlin (University of Virginia, USA) Vol. 9 Globalization and International Trade Policies by Robert M Stern (University of Michigan, USA) Vol. 10 The First Credit Market Turmoil of the 21st Century: Implications for Public Policy edited by Douglas D Evanoff (Federal Reserve Bank of Chicago, USA), Philipp Hartmann (European Central Bank, Germany) and George G Kaufman (Loyola University, USA) Vol. 11 Free Trade Agreements in the Asia Pacific edited by Christopher Findlay (University of Adelaide, Australia) and Shujiro Urata (Waseda University, Japan) Vol. 12 The Japanese Economy in Retrospect: Selected Papers by Gary R Saxonhouse (In 2 Volumes) edited by Robert M Stern (University of Michigan, USA), Gavin Wright (Stanford University, USA) and Hugh Patrick (Columbia University, USA) Vol. 13 Light the Lamp: Papers on World Trade and Investment in Memory of Bijit Bora edited by Christopher Findlay (University of Adelaide, Australia), Mari Pangestu (Trade Minister of Indonesia) and David Parsons (KADIN Indonesia) Vol.14 The International Financial Crisis: Have the Rules of Finance Changed? edited by Asli Demirgüç-Kunt (The World Bank, USA), Douglas D Evanoff (Federal Reserve Bank of Chicago, USA) and George G Kaufman (Loyola University Chicago, USA) Vol.15 Systemic Implications of Trans-Atlantic Regulatory Cooperation and Competition edited by Simon J Evenett (University of St Gallen, Switzerland) and Robert M Stern (University of Michigan, USA) Vol.16 Comparative Advantage, Growth, and the Gains from Trade and Globalization: A Festschrift in Honour of Alan V Deardorff edited by Robert M Stern (University of Michigan, USA) Vol.17 Macro-prudential Regulatory Policies: The New Road to Financial Stability? edited by Stijn Claessens (International Monetary Fund, USA), Douglas D Evanoff (Federal Reserve Bank of Chicago, USA), George G Kaufman (Loyola University Chicago, USA) and Laura E Kodres (International Monetary Fund, USA)

Vol. 18 Quantitative Analysis of Newly Evolving Patterns of International Trade: Fragmentation, Offshoring of Activities, and Vertical Intra-Industry Trade edited by Robert M Stern (University of Michigan and University of California-Berkeley, USA) Vol. 19 The World Economy After the Global Crisis: A New Economic Order for the 21st Century edited by Barry Eichengreen (University of California-Berkeley, USA) & Bokyeong Park (Korea Institute for International Economic Policy, Korea) Vol. 20 Trade, Development and Agriculture: Essays in Economic Policy Analysis edited by Kym Anderson (University of Adelaide, & Australian National University, Australia) Vol. 21 Regulations of Foreign Investment: Challenges for International Harmonization edited by Zdenek Drabek (Charles University, Czech Republic) & Petros Mavroidis (Columbia University, USA) Forthcoming Globalizing Information: The Economics of International Technology Trade by Keith E Maskus (University of Colorado at Boulder, USA) International Trade Policy Formation: Theory and Politics by Wolfgang Mayer (University of Cincinnati, USA) Globalizing Trade and Investment: India Arrives edited by Rajesh Chadha (National Council of Applied Economic Research (NCAER), India) Exchange Rates and Global Financial Policy From Turbulence in Exchange Markets to Monetary Unions by Paul De Grauwe (Katholieke Universiteit Leuven, Belgium) Trade and Trade Policies by Kala M Krishna (Penn State Uviersity, USA) The Global Economy and Rising Asia Trade, Investment and Policies by Kwok-Chiu Fung (UC-Santa Cruz, USA) Studies in Applied International Economics Trade, Migration and Development by L Alan Winters (University of Sussex,UK) The United States in the World Economy Theory and Policy by Rachel McCulloch (Brandeis University, USA) Engines of Asian Economic Growth Past and Future by Peter A Petri (Brandeis University, USA)

Trade and Regulatory Reforms The EU and the World by Patrick Messerlin (Sciences Po, France) Globalization and Innovation by Marie C Thursby (Georgia Institute of Technology, USA) The Case of the Missing Trade and Other Tales of Globalization by Daniel Trefler (University of Toronto, Canada) Important Aspects of Global Trade: Financial Liberalization, Exchange Rates, Regional Economic Integration by Sven W Arndt (Claremont McKenna College, USA) European Economic Integration and Fragmentation of Production by Lucia Tajoli (Politecnico di Milano, Italy) Services Trade Reform: Making Sense of It by Philippa Dee (Australian National University, Australia) Globalization, Growth and Services by Joseph Francois (Johannes Kepler Universitaet Linz, Australia) Trade, Policy and the Global Economy by Joseph Francois (Johannes Kepler Universitaet Linz, Australia) Foreign Direct Investment by Bruce Blonigen (University of Oregon,USA) Modelling European Economic Integration, WTO Membership, Immigration and Offshoring by Wilhelm Kohler (University of Tübingen, Germany) World Trade Organization and International Trade Law: Antidumping, Subsidies, and Preferential Trade Agreements by Gary Horlick (Law Firm Gary N Horlick, USA) Applied Developing Country Trade Policy Studies: Regionalism, Trade and Poverty, Transition from Planned to Market Economies and Services Liberalization by David G Tarr (The World Bank, USA) Emerging International Economic Issues in Asia by Michael G Plummer (Johns Hopkins University, Italy) Trade Policies and Impacts of Trade Liberalization by David G Tarr (The World Bank, USA)

Studies in the Theory of International Trade by Wilfred J Ethier (University of Pennsylvania, USA) The GATT Meets Law and Economics by Henrik Horn (Research Institute of Industrial Economics) and Petros C Mavroidis (Columbia University, USA) The Network of World Trade: The Analytical and Empirical Analyses by Lucia Tajoli (Politecnico di Milano, Italy) Modelling Trade Policies in General Equilibrium by Jaime de Melo (University of Geneva, Switzerland) Emerging Markets by Ralph D Christy (Cornell University, USA) Modelling the Global Economy by Warwick J McKibbin (Australian National University, Australia) and Peter J Wilcoxen (Syracuse University, USA) Priorities and Pathways in Services Reform (In 2 Volumes) by Phillipa Dee (Australian National University, Australia) Trade Theory by Sherman Robinson (International Food Policy Research Institute, USA) and Karen Thierfelder (United States Naval Academy, USA) Developing Countries in the World Economy by Jaime de Melo (University of Geneva, Switzerland)