This paper places current efforts at international economic policy coordination in historical perspective. It argues …

The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds …

for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

-extension and pricing decisions as jointly determined. Compared to the bond market, our findings highlight the role of international … interpretation of bank finance as dominating that segment of international financial markets characterized by the most pronounced … manner by international banks. The high level of short-term debt in East Asia was supported by high growth rates but was …

who participates in this shift. We exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250 …

capital. In this paper we analyze the generation and propagation of financial crises in an international setting. We provide a … in foreign exchange markets, in international capital markets, and in the structure of domestic banking systems. Our …