The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of...

Die 8. Auflage dieses Klassikers der Außenwirtschaftslehre vom Wirtschaftsnobelpreisträger 2008 erscheint in einer Zeit, in der die Entwicklung der Weltwirtschaft die nationale Politik und die politischen Debatten stärker beeinflusst als je zuvor. Die Globalisierung hat alle Bereiche erfasst....

Contributors working at the International Monetary Fund present 14 chapters on the development of monetary policy over the past quarter century through the lens of the evolution of inflation-forecast targeting. They describe the principles and practices of inflation-forecast targeting, including...

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetary Union (EMU) had stalled, and the way forward will benefit from an in-depth look...

A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening...