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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    Monetary Policy Family Reunion at Jackson Hole

    Like any family reunion, the Jackson Hole Economic Symposium may have been as significant for what was said as it was for what was not discussed Read more