The governance of almost all complex social or natural resource systems is polycentric: it involves distributed, nested and partially overlapping patterns of competitive and cooperative relationships among relatively autonomous private and public actors, operating at different levels, within a...

Session 1. - Bank foreign currency hedging and the impact on covered interest parity, and Emerging Market perspective; - Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy; Session 2. - Are Collateral-Constraint Models Ready for Macroprudential...