The pattern of international trade adjustment is affected by the continuing international role of the dollar and related evidence on exchange rate pass-through to prices. This paper argues that a depreciation of the dollar would have asymmetric effects on flows between the United States and its...

Frontmatter -- Contents -- Preface -- One. The Next Great Globalization: A Force for Good? -- Part One. Is Financial Globalization Beneficial? -- Two. How Poor Countries Can Get Rich: Strengthening Property Rights and the Financial System -- Three. Financial Development, Economic Growth, and...

Globalization has expanded both opportunities and risks. How should responsibilities be allocated [and coordinated] between the global financial institutions that developed in the 1940s and the regional financial institutions that began developing in the 1960s? Can growth-oriented policies be...