The world is experiencing urgent and interconnected problems on many social as well as
environmental fronts. Resource shortages, demographic realities, and planetary boundaries …

Countries are making more active use of macroprudential tools than in the past with the goal
of improving the resilience of their broader financial systems. A growing body of evidence …

Financialization is one of the most innovative concepts to emerge in the field of political
economy during the last three decades, although there is no agreement on what exactly it is …

This paper analyzes the role of real exchange rate (RER) policies in promoting economic
development. Markets provide a suboptimal amount of investment in sectors characterized …

This article asks whether capital inflows bonanzas increase the probability of banking crises
and whether this occurs through a lending boom mechanism. Results indicate that …

Does capital flow from rich to poor countries? We revisit the Lucas paradox to account for the
role of capital account openness. We find that, when accounting for such openness, the …

This paper examines whether multinational banks have a stabilizing or a destabilizing role
during times of financial distress. With a focus on Europe, it looks at how these banks' …

This paper highlights a recent 'great moderation'in global capital flows, characterised by
smaller volumes and lower volatility of cross-border transactions. However, there are …

This research examines the impact whether foreign direct investment (PMA) can significantly
influence the gross domestic regional product (PDRB) and how moderation variable of …

We analyze the macroeconomic effects of macroprudential policy–in the form of legal
reserve requirements–in three Latin American countries (Argentina, Brazil, and Uruguay). To …