inescapable in the real world of asymmetric information and imperfect contract enforcement. I argue, however, that in confronting …

, where easing the country access to the world capital markets induces political-economy based policy changes that impact …

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining “rest of the world” flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

Globalization has made it possible for labor in developing countries to augment labor in the developed world, without … world's effective labor supply, triggered by geo-political events and technological innovations, coupled with the inability …

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …