the Federal Reserve and other advanced country central banks cooperating by extending the swap lines they developed in the … leading tool to manage international liquidity crises. The swap network can be viewed as a step in the direction of a global …

Two observations suggest that financial globalization played an important role in the recent financial crisis. First …

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …

We analyze the impact of financial globalization on business cycle synchronization utilizing a proprietary database on …

and asset prices first rise and then fall. These results are in line with the post-globalization dynamics observed in …

Over the last decade dealing in derivative financial instruments (basically forwards, futures, options and combinations …

their expansionary consequences. The main policy tool for this task is sterilization - essentially a swap of international …

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national central banks …