The Global Financial Resource Curse
Gianluca Benigno, Luca Fornaro and Martin Wolf offer a new perspective on the consequences of financial globalization, and on the appropriate policy interventions to manage it.
Tag Archive: capital flows
International Spillovers and Local Credit Cycles
Yusuf Soner Baskaya, Julian di Giovanni, Sebnem Kalemli-Özcan, and Mehmet Fatih Ulu argue that, during periods of high global risk appetite, capital inflows fuel a credit expansion in emerging markets by reducing the costs of borrowing.
