Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic

Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future o

The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integrat

The United States has once again entered into a period of large external imbalances. This study examines whether the large and growing currentaccount deficit is