a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the … rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In … explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy …

the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …

the world income distribution. -- real exchange rate ; external adjustment ; Sweden …