After the Global Crisis, accommodative monetary policy also eased financial conditions in emerging market economies. This column shows that US banks contributed to the transmission of US monetary policy and that regulation and supervision attenuated it. Only US banks that performed well in the Fed’s annual stress tests expanded their lending to emerging markets in[…]
Since the G20 declared in 2009 that “the era of bank secrecy is over”, jurisdictions have implemented an unprecedented range of measures designed to increase tax transparency by ensuring that information on foreign financial assets would be disclosed to tax authorities. This column presents the main results from a recent study on the impact of[…]
CfP Deadline Date: May 1st, 2020 Conference Event: September 24th-25th, 2020 Event Location: Vilnius, Lithuania Organizer(s): Bank of Lithuania, the National Bank of Poland, CEPR, and CEBRA’s International Trade and Macroeconomics Program This conference will focus on recent transformations of international trade and macroeconomic interdependence induced by the growth of global value chains (GVCs). We[…]