, reserves, capital flows, and external balance sheets of the world's largest economies. The 2018 edition includes an analytical …

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop … and risk-mitigation measures is proposed to minimize both macroeconomic and financial risks. Capital account opening can …. The paper also argues that domestic institutional investors are critical to market development and risk mitigation. …

consumer spending undershot expectations. Several shocks have hit a world economy already weakened by the pandemic: higher …

:(i) the design of financial regulation; (ii) a better way of assessing systemic risk; and (iii) mechanisms for more effective …

past gains and losses on investors' risk aversion. We first present a simple model on how heterogeneous changes in … investors' risk aversion affect portfolio decisions and stock prices. Second, we empirically show that, when funds' returns are …

In this paper we identify some of the main factors behind systemic risk in a set of international large-scale complex … risk episodes. In contrast, we find no evidence that a larger size increases systemic risk within the class of large global … banks. We also show that the sensitivity of system-wide risk to an individual bank is asymmetric across episodes of positive …