This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance...

The recent interest by many central banks in digital currency and the role of the central bank in possibly providing them and regulating them as well as the concern over privately issued crypto currencies like bitcoin, has resonance to the monetary history of many advanced countries in the early...