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Blog Post
December 16, 2015
The first thing we should be asking is why now in particular, since conditions have not really changed much in the past few months. For example, back in September, there were large uncertainties in the global economy. China’s economic slowdown was causing alarm. Volatility in international cap...
Blog Post
December 08, 2015
Québec does it with California. Mexico wants to do it with California too, while California wants to do it with a Brazilian state. European countries have been doing it with each other for years, and China's started doing it with itself. A...
Blog Post
November 23, 2015
Next week, nations gather in Paris for the 21st Conference of Parties (COP21) with the goal of establishing a global plan to address climate change. That includes coming to agreements about how to both reduce and adapt to climate change, how to finance those measures, and how to share accountability...
WORKING PAPERS
November 19, 2015
This paper investigates the shifts in Latin American banks’ funding patterns in the post-global financial crisis period. To this end, we introduce a new measure of exposure of local banking systems to international debt markets that we term: International Debt Issuances by Locally Supervised I...