Papers presented address topics such as the role of capital flow management measures as a policy instrument and their spillovers, the role of banks in international business cycles, exchange rate policy, and international debt deleveraging.

Topics: quantitative measures the degree of cross-country risk sharing, and of the gains from risk sharing, based on micro and macro data; determinants of the degree of risk sharing; comparisons between interregional and international risk sharing; portfolio choices and international risk...