Background: In the year 2020, coronavirus disease (COVID-19) has taken the proportion of a global pandemic. In this context, the effort of this work is to analyze, based on a data set of 180 countries, the dynamics and nature of global vulnerability to this pandemic.Methods: The results of...

"How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk- a risk that...

Since the global financial crisis, there has been renewed interest in understanding how monetary policy shocks transmit across countries through risk variables, spurring a literature on the "global financial cycle." This paper studies how (conventional and unconventional) monetary policy shocks...