Researchers at the University of Warwick and the European Central Bank have just published research that shows falls in US asset prices such as housing and equities have a substantially more important role for reducing US trade imbalances than changes in the US dollar exchange rate.

In its first overseas meeting, the Warwick Commission on ‘The Multilateral Trading System after Doha’ meets in Toronto on 15/16 June 2007. An initiative of the University of Warwick, one of the UK’s leading universities, the Commission is Chaired by the Hon. Pierre Pettigrew and is made up of 17 other leading experts on world trade. With future meetings and evidence gathering planned for Warwick, England, (September) and New Delhi, India, (October), the Warwick Commission will present its report on the future of the world trade system in Geneva, in December 2007.