Concerns have been raised about the erosion of social choice and the widening income disparities between rich and poor countries, two issues which are often linked. The essays in this part comment on several aspects of this nexus of issues. Sovereignty & Social Choice under the Rules-Based...

Desde o princípio da crise econômica mundial, em 2007, o FMI tem atuado em diversas frentes para mobilizar apoio a seus 188 países membros. O Fundo ampliou a oferta e concessão de crédito, valeu-se de sua experiência internacional para sugerir soluções e empreendeu reformas que o...

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....