This article provides an interpretative overview of the papers in this special issue of JIMF devoted to international aspects of the 2007–2009 financial crisis. It then goes on to provide additional empirical evidence of two sorts. The first documents the difference between the monetary...

This paper explores whether the level of financial integration of banks in a country increases the incidence of systemic banking crises. The paper uses a de facto proxy for financial integration based on network statistics of banks participating in the global market of interbank syndicated...

We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium....

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

To find out more about fiscal and monetary policy— who conducts them, how they work, and their roles during economic downturns— read this month's newsletter.

Remarks at the National Association for Business Economics Annual Meeting, New York City.

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.