Peter A. Petri is a visiting fellow at the Peterson Institute for International
Economics, the Carl J. Shapiro Professor of International Finance at the
Brandeis International Business School, and a senior fellow at the East-
West Center in Honolulu, Hawaii. Michael G. Plummer is the Eni
Professor of International Economics at the Johns Hopkins University,
SAIS-Bologna, and a senior fellow at the East-West Center. Th ey thank the
East-West Center and the Peterson Institute for International Economics
for supporting this work and C. Fred Bergsten, Gary Clyde Hufbauer,
Jeff rey J. Schott, and participants at presentations of earlier results for valuable
comments.
Peter A. Petri is a visiting fellow at the Peterson Institute for InternationalEconomics, the Carl J. Shapiro Professor of International Finance at theBrandeis International Business School, and a senior fellow at the East-West Center in Honolulu, Hawaii. Michael G. Plummer is the EniProfessor of International Economics at the Johns Hopkins University,SAIS-Bologna, and a senior fellow at the East-West Center. Th ey thank theEast-West Center and the Peterson Institute for International Economicsfor supporting this work and C. Fred Bergsten, Gary Clyde Hufbauer,Jeff rey J. Schott, and participants at presentations of earlier results for valuablecomments.
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