This paper reviews selected post-Global Financial Crisis theoretical and empirical
contributions on capital controls and identifies three theoretical motives for the use of this …

This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We
use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

This paper surveys the literature on the linkages between asset prices and macroeconomic
outcomes. It focuses on three major questions. First, what are the basic theoretical linkages …

We study the consequences of “regime-induced” exchange rate depreciations by comparing
outcomes for peggers versus floaters to the US dollar in response to a dollar depreciation …

A review of recent advances in open economy analysis under segmented international
financial markets. A set of modeling tools that have been used to understand financial crises …

We compare and contrast two prominent notions of financial cycles: a domestic variant,
which focuses on how financial conditions within individual economies lead to boom-bust …

The dollar is a safe-haven currency and appreciates when global risk goes up. We
investigate the dollar's role for the transmission of global risk to the world economy within a …

International Monetary Fund (IMF) staff members use macroprudential stress tests to assess
systemic risk as part of the IMF's mandate to monitor global financial stability. Stress tests …

Purpose The study aims to analyze the effects of the Covid-19 pandemic on house prices.
Design/methodology/approach The authors start by discussing the possibility that house …