We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality, and trade openness appear to help...

The main aim of this study is to analyze the connection between financial liberalization and financial crises in historical context. The global economy is experiencing crisis which has been hailed as the most devastating crisis of capitalism since the great depression of 1929. Post World War II...

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

Studies show that crises effect women more than men, and in various forms. Crises cause women to become poorer, they make women more fragile in the labour market, deepen the gender division of labour, and hence sharpen the gender roles. In the last fifteen years, financial crises and post-crisis...

Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic characteristics. The fundamental determinants of the macroeconomic balance approach to current account...

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality, and trade openness appear to help...

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

In this paper, we provide a theoretical explanation of why financial liberalization is likely to generate financial crises in emerging market economies. We first show that under financial repression the aggregate capital stock and bank net worth are both likely to be low. This leads a newly...