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Keywords:international finance OR International finance OR International Finance 

Journal Article
Coping with globally integrated financial markets

Quarterly Review , Volume 11 , Issue Win , Pages 1-5

Journal Article
International policy cooperation: building a sound foundation

Business Review , Issue Mar , Pages 3-12

Working Paper
Currency blocs in the 21st century

Based on a classification of countries and territories according to their regime and anchor currency choice, the study considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that there exists a group of countries that peg temporarily to the U.S. dollar without having close economic affinities with the bloc. The estimated parameters are consistent with an additive random utility model interpretation. A ...
Globalization Institute Working Papers , Paper 87

Journal Article
International financial integration

FRBSF Economic Letter

Speech
Beyond the crisis: reflections on the challenges

Remarks at the Foreign Policy Association Corporate Dinner, New York City
Speech , Paper 8

Journal Article
Reality check

What do the data say about dollarization and international lending?
The Region , Volume 21 , Issue Jun

Conference Paper
Policy making in an integrated world: from surveillance to ...?

Conference Series ; [Proceedings] , Volume 43 , Issue Jun , Pages 205-241

Working Paper
Monetary policy, capital inflows, and the housing boom

We estimate an open economy VAR model to quantify the effect of monetary policy and capital inflows shocks on the US housing market. The shocks are identified with sign restrictions derived from a standard DSGE model. We find that monetary policy shocks have a limited effect on house prices and residential investment. In contrast, capital inflows shocks driven by an increase in foreign savings have a positive and persistent effect on both housing variables. Other sources of capital inflows shocks, such as foreign monetary expansion or an increase in aggregate demand in the US, have a more ...
Globalization Institute Working Papers , Paper 80

Working Paper
Output, inflation, and stabilization in a small open economy: evidence from Mexico

Working Papers , Paper 9315

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