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. For this culture to emerge, and for banks and other institutions from all over the world to locate in this place, several … behind the rise and fall of markets are poorly understood. Given the present dramatic changes in the world financial system …
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This paper provides an explanation for the observed decline of exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, the...
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Introduction : global market integration, financial crises and policy imperatives / Geoffrey R.D. Underhill and Xiaoke Zhang -- Reform of the international financial architecture : what has been written? / Jonathan Story -- Costs and benefits of financial globalisation : concepts, evidence and...
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Analysts / Susan Schmidt Bies -- 4. A Review of the New Basel Capital Accord / Jaime Caruana -- Part II: Theory of Market … -- 8. Comments on the Theory of Market Discipline / Kostas Tsatsaronis -- Part III: Evidence of Market Discipline in …
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