The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched
The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched
Given the global integration of financial markets over the last decade, large capital flow reversals can occur quite quickly, considerably shortening the time p
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma
