Over 1 billion people currently live in slums, with the number of slum dwellers only expected
to grow in the coming decades. The vast majority of slums are located in and around urban …

The recent financial crisis has highlighted the need to go beyond a purely micro approach to
financial regulation and supervision. As a consequence, the number of policy speeches …

An incisive history of American education—its great success in creating prosperity and
equality during the twentieth century and its relative decline since the 1970s.“As Goldin and …

A key precursor of twentieth-century financial crises in emerging and advanced economies
alike was the rapid buildup of leverage. Those emerging economies that avoided leverage …

This contribution discusses the international aspect of financialization in develo** and
emerging economies (DEEs). It argues that international financialization is more than just an …

High public debt often produces the drama of default and restructuring. But debt is also
reduced through financial repression (FR), a tax on bondholders and savers via negative or …

We quantify global US monetary policy spillovers by employing a high-frequency
identification and big data techniques, in conjunction with a large harmonised dataset …

We examine the evolution of international currency exposures, with a particular focus on the
2002–12 period. During the run up to the global financial crisis, there was a widespread shift …

The presence in residents' portfolio of foreign-currency assets and liabilities (or 'financial
dollarization') has been alleged to influence monetary policy in develo** economies and …

We use a new data set on macroprudential foreign exchange (FX) regulations to evaluate
their effectiveness and unintended consequences. Our results support the predictions of a …