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This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explo
International Capital Flow Pressures
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This paper presents a new measure of capital flow pressures in the form of a recast Exchange Market Pressure index. The measure captures pressures that material
Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy
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The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conferenc
Staff Guidance Note on Macroprudential Policy
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This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the �
Bank Leverage and Monetary Policy's Risk-Taking Channel
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We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on l