Global gross capital flows remain well below their peak before the global financial crisis, which was reached after a period of unusual expansion. Much of the decline can be attributed to a reduced flow of lending by banks – particularly to, from and within the euro area – as banks...

Those who study global poverty and ways to reduce it face a perennial set of questions: Do advances in knowledge, research, and technology make a real difference in the lives of poor people? What effect does research have on the poor? Who benefits? The contributors to Agricultural Research,...

Currency crises tend to be regional; they affect countries in geographic proximity. This suggests that patterns of international trade are important in understanding how currency crises spread, above and beyond and macroeconomic phenomena. We provide empirical support for this hypothesis. Using...