Remittances are private monetary transfers across borders and thus, often, involve different currencies. Yet the rapidly growing literature on the subject often ignores the role that exchange rate regimes play in determining the effect foreign-currency remittances have on a recipient economy....

In this paper we explore the properties of the global banking network using cross-border bank lending data for 184 countries over 1978-2009. Specifically, we analyze financial interconnectedness using network metrics of centrality, connectivity, and clustering. We document a relatively unstable...