Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at

This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information source

This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Co

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion

This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the ex