ontents of RIE: Volume 11 
Volume 11, Issue 1, February 2003
Capital Mobility in a Second Best World
Joshua Aizenman
Openness and Growth in North Korea: Evidence from Time Series Data
Jang C. Jin
Dynamic Stability, Paradoxical Comparative Statistics and Factor Market Distortions
in an Economy with Three Production Sectors
Murray C. Kemp and Masatoshi Yamada
A Tale of Two Currencies: The Asian Crisis and the Exchange Rate Regimes of
Hong Kong and Singapore?
Michael B. Devereux
Mergers and Trade Policy under Oligopoly
David R. Collie
Some Economics of Integrated and Segmented Markets
Donald J. Wright
Intra-Industry Trade in Identical Products: A Portfolio Approach
Mahmudul Anam and Shin-Hwan Chiang
Tariffs, Time Preference, and the Current Account under Weakly Nonseparable
Preferences
Shinsuke Ikeda
Inflation and Productivity: Empirical Evidence from Europe
Efthymios Tsionas
Migration Policy in a Small Open Economy with a Dual Labor Market
Tobias Müller
The Risk Premium, Exchange Rate Expectations, and the Forward Exchange Rate:
Estimates for the Yen-Dollar Rate
Stuart Landon and Constance E. Smith
Creating Creditworthiness through Reciprocal Trade
Dalia Marin and Monika Schnitzer
Market Segmentation, Market Integration and Tacit Collusion
Constantin Colonescu and Nicolas Schmitt
International Capital Mobility in the Presence of Unemployment Insurance
Doris Geide-Stevenson
Investor Expectations and the North American Free Trade Agreement
Peter Rodriguez
Volume 11, Issue 2, May 2003
Financial Markets and Stochastic Growth
Leonard J. Mirman and Klaus Reinder Schenk-Hoppé
Trade, Vertical Production Chain, and Competition Policy
Makoto Yano and Fumio Dei
Attitudes toward Immigration: A Trade-Theoretic Approach
Sanoussi Bilal, Jean-Marie Grether, Jaime de Melo
A Specific Factors Model with Historical Application
Christopher Bliss
A Simultaneous Equations Model of Trade, Conflict and Cooperation
Rafael Reuveny and Heejoon Kang
Financial Dependence and International Trade
Thorsten Beck
Fragmentation, Efficiency-seeking FDI, and Employment
Carsten Eckel
Currency Invoicing in International Trade: An Empirical Investigation
Shabtai Donnenfeld and Alfred Haug
Oligopolistic Competition, Technology Innovation, and Multiproduct Firms
Jiandong Ju
Pricing-to-Market: The Japanese Experience with a Falling Yen and the Asian
Crisis
Merih Uctum
Strategic Environmental Policy under Free Entry of Firms
Thorsten Bayindir-Upmann
Trade and Relative Wage in a Global Economy
Satya P. Das
Pricing the Cost of Expropriation Risk
Ephraim Clark
Endogenous Restrictions for Least Developed Economies
Osman Suliman
Volume 11, Issue 3, August 2003: Special Issue
Finance, Trade and Factor Mobility Issues in
the Global Economy
Guest Editor: Nicholas Sarantis and Costas Karfakis
Introduction
Nicholas Sarantis and Costas Karfakis
Purchasing Power Parity
Mark Taylor
Welfare Effects of Transparency in Foreign Exchange Markets: The Role of Hedging
Opportunities
Burkhard Drees and Bernhard Eckwert
Growing Trade in Intermediate Goods: Outsourcing, Global-Sourcing or Increasing
Importance of MNE-Networks
Jörn Kleinert
Economic Integration, Trade Liberalization and Union Bargaining
Andromanis S. Piperakis, Peter W. Wright and Robert C. Hine
Strategic Environmental Policies When Waste Products are Tradable
James Cassing and Thomas Kuhn
Economic Integration and Regional Inequalities: The Competing Dynamics of Regional
Wages and Innovative Capabilities
Flora Bellone and Marie-Antoinette Maupertuis
European Sector Returns and Capital Market Integration
Yonghyup Oh
Emigration and the Optimal Speed of Transition
Harry Papapanagos and Peter Sanfey
International Tax Competition: There is No Need for Cooperation in Information
Sharing
Miltiadis Makris
Book Reviews:
Yunus Aksoy
Erik Hoffmeyer
Riccardo Faini
Carsten Eckel
Volume 11, Issue 4, September 2003
International Trade under Oligopoly Conditions
Roy J. Ruffin
Comparative Advantage and the Location of Production
Rikard Forslid and Ian Wooton
Intertemporal Substitution and Terms of Trade Shocks
Paul Cashin and C. John McDermott
Special Economic Zones in Developing and/or Transition Economies: A Policy
Proposal
Albert G. Schweinberger
Have Falling Tariffs and Transportation Costs Raised US Wage Inequality?
Jonathan E. Haskel and Matthew J. Slaughter
Relation-based vs. Rule-based Governance: An Explanation of the East Asian
Miracle and Asian Crisis
John Shuhe Li
Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single
Currency Area
Stephen Ching and Michael B. Devereux
The Lens Condition with Two Factors
Siu-kee Wong and Kwan Koo Yun
Price Commitment vs. Flexibility: The Role of Exchange Rate Uncertainty and
its Implications for Exchange Rate Pass-through
Byoung-Ky Chang and Harvey E. Lapan
Developing Country Benefits from MFN Relative to Regional/Bilateral Trade Arrangements
Madanmohan Ghosh, Carlo Perroni, and John Whalley
Factor Market Oligopsony and the Production Possibility Frontier
Stephen Devadoss and Wongun Song
Volume 11, Issue 5, November 2002
WTO Exceptions as Insurance
Ronald D. Fischer and Thomas J. Prusa
A Theory of International Strategic Alliance
Zhiqi Chen
Regional Blocs and Foreign Direct Investment
Shabtai Donnenfeld
Equity Purchases by Insiders and the Filing of Antidumping Petitions
James C. Hartigan and Cynthia L. Rogers
Disintegration and Trade
Jan Fidrmuc and Jarko Fidrmuc
Does Capital Account Liberalization Discipline Budget Deficit?
Woochan Kim
Tariff Policy and the Foreign Entry Decision in the Presence of a Cost-Based
Informational Asymmetry
Mark G. Herander and Brad Kamp
Government Guarantees, Investment, and Vulnerability to Financial Crises
Gregor Irwin and David Vines
Devaluation and Consumption Smoothing
Paul R. Bergin
Does Trade Increase Inequality When Skills Are Endogenous?
Eckhard Janeba
Conditions for Factor Price Equalization in the Integrated World Economy Model
Ling Qi
Psalm 137:1-7
By the rivers of Babylon we sat and wept when we remembered Zion.
There on the poplars we hung our harps, for there our captors asked us for songs,
our tormentors demanded songs of joy; they said, "Sing us one of the songs
of Zion!"
How can we sing the songs of the LORD while in a foreign land?
If I forget you, O Jerusalem, may my right hand forget its skill .
May my tongue cling to the roof of my mouth
if I do not remember you, if I do not consider Jerusalem my highest joy.
Remember, O LORD , what the Edomites did on the day Jerusalem fell.
"Tear it down," they cried, "tear it down to its foundations!"
Ishitar Gate of Babylon, Pergammon Museum. Thanks to Sumerians (whose descendants include Iraqis) we learned to drink beer. Let us drink to that.
