We analyze the relationship between global and country-specific factors and emerging market
debt spreads from three different angles. First, we aim to disentangle the effect of global …

We review the debate on the association of financial globalization with inequality. We show
that the within-country distributional impact of capital account liberalization is context specific …

This paper examines the extent to which digitalization—measured by a new proxy based on
IP addresses allocations per country—has influenced inflation dynamics in a sample of 36 …

Uphill capital flows constitute a key transmission channel through which reserve accumulation
can distort the stability of the international monetary system. This paper examines and …

As central banks across the globe have responded to the COVID-19 shock by rounds of
extensive monetary loosening, concerns about their inequality impact have grown. But rising …

… Balázs Csontos and László Halász developed the theoretical basis of the operation of the
simulator. Balázs Csontos performed the literature review, implemented the simulator in C#, …

This paper applies network analysis to assess the extent of systemic vulnerabilities in the
ECCU banking system. It includes two sets of illustrative stress tests. First, solvency and …

… Balázs Csontos and László Halász developed the theoretical basis of the improved simulator.
Balázs Csontos performed the literature review, further developed the simulator in C#, …

The chapter provides an overview of the conduct of monetary, macroprudential, and fiscal
policies in the Emerging European Economies since the Global Financial Crisis, including the …

We review the debate on the association of financial globalization with inequality. We show
that the within-country distributional impact of capital account liberalization is context specific …