This article provides a comprehensive history of anchor or reference currencies, exchange
rate arrangements, and a new measure of foreign exchange restrictions for 194 countries …

This paper employs an updated algorithm and database for classifying exchange rate and
anchor currency choice, to explore the evolution of the global exchange rate system …

We contrast the interventions conducted by the Federal Reserve in response to the
subprime and COVID–19 crises with respect to their effectiveness in reducing disaster risk …

We investigate why and how the financial conditions of developing and emerging market
countries (peripheral countries) can be affected by the movements in the center economies …

A modern incarnation of the trilemma is essential for understanding the evolving global
financial architecture, and for coming up with ways to mitigate financial fragility. The scarcity …

This research investigates the applicability of the renowned “impossible trinity” hypothesis
within the context of energy instability, contributing a unique perspective to the relevant …

In this empirical paper, we revisit the financial development impact of financial globalization
using a panel dataset comprising the OECD countries for the period 1996–2017. We rely on …

Injecting over two trillion dollars into the international economy, the Federal Reserve
effectively operated as an international lender of last resort during the 2008 financial crisis …

We estimate the impact of the extensity of macroprudential policies on the correlation of the
policy interest rates between the center economies (CEs, ie, the US, Japan, and the Euro …

In this paper, we provide empirical evidence about the response of macroprudential policy to
financial risks, as well as the broader macroeconomic effects of macroprudential policy and …