Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capit

Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capit

Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we investigate the impact of capital on banks’ cost of equity. Consistent

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers v

Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic