In our world of free capital mobility, we show that Central banks of large currency areas are drivers of financial cycles and of risk taking in the international economy.

Monetary Policy and Financial Cycles

Building on the important conversations and research being undertaken as part of LSE's COVID-19 response, the Shaping the Post-COVID World initiative convenes a debate about the direction the world could and should be taking after this crisis and what policies national and global actors should pursue.

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Monetary Policy and Financial Cycles

Monetary Policy and Financial Cycles

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