This paper evaluates the capacity of emerging market economies (EMEs) to moderate the
domestic impact of global financial and monetary forces through their own monetary …

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 central result in international macroeconomics is that a government cannot simultaneously
opt for open financial markets, fixed exchange rates, and monetary autonomy; rather, it is …

The politics surrounding exchange rate policies in the global economy The exchange rate is
the most important price in any economy, since it affects all other prices. Exchange rates are …

This study examines whether pre-crisis international reserve accumulations, as well as
exchange rate and reserve policy decisions made during the global financial crisis, can help …

This study examines the effect of legal central bank independence on inflation in developing
countries. In spite of the policy consensus suggesting that central bank independence is an …

We outline new metrics for measuring the trilemma aspects: exchange rate flexibility,
monetary independence, and capital account openness, taking into account substantial …

In Ruling Capital, Kevin P. Gallagher demonstrates how several emerging market and
developing countries (EMDs) managed to reregulate cross-border financial flows in the …

Using a novel, high frequency dataset on capital control actions in 16 emerging market
economies (EMEs) from 2001 to 2012, we provide new evidence on the domestic and …