Globalisation has contributed positively to the global economy in terms of economic growth and welfare. However, especially amid rising global interdependence, closer synchronisation of business and financial cycles and stronger linkages across monetary, macroprudential and fiscal policies, as...

Acting in parallel with changes in Thailand's inflation dynamics, the fall in inflation and inflation variability is a worldwide phenomenon that has coincided with accelerating globalisation. This paper explains that global factors have played an important role in changing the dynamics of...

The People's Bank of China and the Bank for International Settlements co-hosted a research conference on "Globalisation and Inflation Dynamics in Asia and the Pacific" on 23-24 September 2013 in Beijing. This was the wrap-up conference for the BIS Asian Office's two-year research programme on...

Has financial globalisation compromised central banks' ability to manage domestic financial conditions? This paper summarises the results from our recent research, which tackles this question from the bond market perspective for both advanced and emerging market economies. Using an asset pricing...

Global financial integration has substantially increased in recent decades. Initially, it manifested itself in growing capital flows between developed countries. In response to the removal of capital controls, financial innovation and technological progress, financial integration has...