Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movem

The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical p

America's international economic decisions rest to a large degree on the information available to policymakers. Yet the quality of international trade and finan

First published in 1988, this study of international capital movements looks at their historical role in the financing of trade and their dramatically increased