Many emerging market economies have relied on foreign exchange intervention (FXI) in
response to gross capital inflows. In this paper, we study whether FXI has been an effective …

We construct measures of net private and public capital flows for a large cross-section of
developing countries considering both creditor and debtor side of the international debt …

Commentators and policymakers have articulated growing concerns about US dependence
on China and other authoritarian capitalist states as a source of credit to fund the United …

The worldwide rise of sovereign wealth funds is emblematic of the ongoing transformation of
nation-state economic prospects. Sovereign Wealth Funds maps the global footprints of …

Financial globalization had a rocky start in emerging economies hit by Sudden Stops.
Foreign reserves have grown very rapidly since then, as if those countries were practicing a …

WITH INTERNATIONAL reserves four times as large, in terms of their GDP, as in the early
1990s, emerging market countries seem more protected than ever against shocks to their …

Abstract According to the Washington Consensus, developing countries' growth would
benefit from reductions in barriers to trade. However, the empirical basis for judging trade …

The world is currently still struggling with the aftermath of the worst economic crisis since the
Great Depression. Following a description of the eruption, evolution and consequences of …

To understand the growth effects of currency undervaluation we estimate its impact on the
different components of GDP. We find that, for developing countries, undervaluation does …

The new realities of both regional and domestic dynamics have motivated this shift.
Regionally, the rise of China and the growing economic conflict between the United States …