This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs). We first confirm that aggregate inflows to EMs co-move considerably.

This book discusses wide topics related to current issues in economic growth and development, international trade, macroeconomic and financial stability, inflat

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma

The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new

In a recently released New York Fed staff report, we present a forward-looking monitoring program to identify and track time-varying sources of systemic risk.