Poverty reduction requires adopting the right institutions—including monetary institutions. Emerging market economies that peg their currencies and thwart market adjustments risk overheating and might engender protectionism on the part of their trading partners. This year’s monetary...

The goal of this one-day workshop is to promote a better understanding of credit derivatives or modeling in credit and fixed income areas. The participants include academicians and practitioners with special expertise in this area. The majority of the papers will include empirical work. The...