-inconsistency problem and moral hazard. Reviewing the evidence for central banks' crisis management in the U.S., the U.K. and France from …

The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering … inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual … globalization on the monetary transmission mechanism and arrives at the following answers: (1) Has globalization led to a decline in …

This lecture examines whether financial globalization is beneficial to developing countries by first examining the … to examine whether globalization, particularly of the financial kind, can help encourage financial and economic … development and argues that it can. However, financial globalization does not always work to encourage economic development …

In this paper I analyze the role of openness and globalization in Latin America's economic development. The paper is …