of asymmetries in world asset demand and supply. Absent changes in the deep determinants of these, global imbalances can …

-specific characteristics and policies. Sudden stops now tend to affect different parts of the world simultaneously rather than bunching …

, which are questionable in the real world of frictions, leads to three channels through which domestic saving may promote …

financial flows. They have generated two opposing views of the current situation of the world economy: on one side, a prudent … optimistic view suggests that global imbalances are not anomalies but simply the predictable outcome of a world with increasingly … countries in the world rebalance their economies to avoid the potentially painful cost of disruption and adjustment. The latter …

relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …

(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …

This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …