Yin-Wong Cheung is a Professor in the Economics Department at the University of California, Santa Cruz. He also is a Professor of the University of Hong Kong, a Research Fellow of the CESifo (which includes the Centre for Economic Studies, the Ifo Institute for Economic Research, and the Munich Society for the Promotion of Economic Research) in Germany, and a Guest Professor of Shandong University, China. Cheung is listed among the Top 1000 Economists. Menzie D. Chinn is a Professor in the University of Wisconsin's Robert M. La Follette School of Public Affairs, and the Department of Economics. He served as a senior economist for international finance issues on the White House Council of Economic Advisers from 2000 to 2001. He is currently a Research Associate in the National Bureau of Economic Research, and has been a visiting scholar at the International Monetary Fund, the Congressional Budget Office and the Federal Reserve Board. Eiji Fujii is Professor of Economics in the Graduate School of Systems and Information Engineering, the University of Tsukuba in Japan. He also served in the Bank of Canada, the Australian National University, and the University of Adelaide as a visiting scholar.