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Introduction; 1. The practical theorist: Peter Kenen?s contribution to international economics Paul R. Krugman; Part I. International Trade Theory: 2. Nature, capital and trade: a second look Patrick J. Conway; 3. The Meade model of preferential trading: history, analytics and policy implications Arvind Panagariya; 4. International trade and big government Dani Rodrik; Part II. International Monetary Theory: 5. Exchange rate regime and international trade Reuven Glick and Clas G. Wihlborg; 6. Exchange rates and investment response in Latin America Linda S. Goldberg; 7. Optimum currency areas and exchange rate volatility: theory and evidence compared Tamim Bayoumi and Barry Eichengreen; 8. Optimum currency area theory: bringing the market back in Benjamin J. Cohen; Part III. Applied Policy Analysis: 9. Labour market adjustment and trade: their interaction in the Triad Marina V. N. Whitman; 10. Do the G-3 countries coordinate monetary policy? Kathryn M. E. Dominguez; 11. Fundamental determinants of Mexico?s exchange-rate crisis of 1994 Polly Reynolds Allen; 12. Devaluation cycles and adjustment costs Nancy P. Marion; 13. Payments problems in the Commonwealth of Independent States Constantine Michalopoulos.

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