Regional Trading Blocs, Mobile Capital and Exchange Rate Co-Ordination

Bank of England Working Paper No. 12

Posted: 10 Jun 1998

See all articles by Tamim Bayoumi

Tamim Bayoumi

International Monetary Fund (IMF); Centre for Economic Policy Research (CEPR)

Gabriel Sterne

Bank of England

Date Written: April 1993

Abstract

Two recent issues in the world economy have been the emergence of regional trade blocs and the increasing extent of international financial deregulation. Direction of trade data are used to look at the evolution of regional trade patterns in Europe, North America and East Asia, and saving investment data are used to examine the extent of international capital mobility. The results indicate some trend toward increasing regional insularity of trade together with increasing international capital mobility. The policy implications of these trends are then discussed.

JEL Classification: F13, F14

Suggested Citation

Bayoumi, Tamim and Sterne, Gabriel, Regional Trading Blocs, Mobile Capital and Exchange Rate Co-Ordination (April 1993). Bank of England Working Paper No. 12. Available at SSRN: https://ssrn.com/abstract=79468

Tamim Bayoumi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-6333 (Phone)
202-623-4795 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Gabriel Sterne

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

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