Sven W. Arndt (Ph.D., University of California, Berkeley) is the Charles M. Stone Professor of Money, Credit and Trade at Claremont McKenna College (CMC). He is adjunct professor at Claremont Graduate University. He was Director of the Lowe Institute of Political Economy at CMC. He has served on the faculties of the University of California in Los Angeles and in Santa Cruz. He has been visiting professor at Stanford University; the Johns Hopkins Center for Advanced International Studies in Bologna, Italy; the Institute for Advanced Studies in Vienna, Austria; the Universities of Konstanz and Mannheim in Germany; and the Chinese University of Hong Kong. He has served as Director, Office of International Monetary Research, U.S. Department of the Treasury; Visiting Scholar, Board of Governors of the Federal Reserve System; trade project director at the American Enterprise Institute, and research scholar with the U.S.-ASEAN Trade Initiative. He has served as President of the North American Economics and Finance Association and as Managing Editor of the North American Journal of Economics and Finance. He is currently the Senior Editor of that journal. He is a Distinguished Fellow of the International Banking, Economics and Finance Association. He has authored and co-edited several books, including Fragmentation: New Production Patterns in the World Economy. He has written articles in a variety of professional journals, including the American Economic Review, Econometrica, the Economic Journal, the Journal of Political Economy, the Journal of Economic Asymmetries and the North American Journal of Economics and Finance. His current research interests include cross-border production networks and trade policy, exchange-rate regimes, and global imbalances and financial instability.