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 …

This paper addresses the implications of financial globalization for exchange rate behavior. We highlight two …; second, the impact of currency movements on net external wealth is an increasing function of the scale of international …

in 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 inter-connections between financial globalization and exchange rate adjustment and discusses the policy …