the literature as a retreat in financial globalization. In this paper, we argue that aggregate figures are not sufficient … to support such a claim in terms ofthe overall structure of the global banking network. Based on a systematic approach to … global lenders. In this context, at a more disaggregate level, we document the characteristics of the increasing …

What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all … examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in … development and jeopardize the well-being of generations. Managing risks such as these becomes a global public good, whose …

for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integration with the global economy … quantitatively analyze inflation dynamics in SSA using a Global VAR model, which incorporates trade and financial linkages among … economies, as well as the role of regional and global demand and inflationary spillovers. We find that in the past 25 years, the …

Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by …

We use a Global VAR model to study spillovers from the Bank of Japan's quantitative and qualitative easing (QQE) on …

We investigate the drivers of dynamics of major U.S. FX bilaterals. We first construct a novel measure of FX risk … premiums using Consensus exchange rate forecasts. We then use VAR analysis to show that (i) risk premium shocks play a key role …); and (iv) risk appetite shocks (e.g., VIX shocks) generally lead to U.S. dollar appreciation. The importance of risk …

as soon as bank risk appetite heats up. Within this shorter time span, cuts must then be deeper than otherwise to also …