We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to …-bail-out world, the trade-off between financial stability and the cost of capital, the feasibility for central banks to manage their …

The world economy is going through its biggest transformation in a relatively short space time. There have been many … projections to 2020 are broadly right, then many established frameworks for the running of the world economy and its governance … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …

We gauge the de-facto capital account openness of the Chinese and Indian economies by testing the law of one price on … economies becoming more financially open over time. Over the past decade, the Indian economy on average appears to be more open … financially than the Chinese economy, but China seems to be catching up with India in the wake of the global financial crisis …