International Finance

    When capital markets are global, asset pricing is global. When money markets are global, the cost of funds is global. Globalization creates new opportunities and new constraints for both private and public borrowers. The question is how local institutions shape the effects of globalization.

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    Eurozone Crisis Was Caused More By Reckless Lending Than By Reckless Spending

    Remedies have failed to produced growth and reduce indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core countries Read more

    The Outlook for the Global Economy

    An exclusive conversation with Richard Batley, Head of Macroeconomics at Lombard Street Research. Read more