
What are the repercussions of financial booms and crises?
Financial booms have become a chronic feature of the global financial system. When these booms end in crises, the impact on economic conditions can be severe. Carmen M. Reinhart and Kenne...
Joseph P. Joyce is a Professor of Economics at Wellesley College, where he holds the M. Margaret Ball Chair of International Relations. He served as the first Faculty Director of the Madeleine Korbel Albright Institute for Global Affairs.
His research deals with issues in financial globalization. His book, The IMF and Global Financial Crises: Phoenix Rising?, was published in 2012 by Cambridge University Press. A Chinese edition of the book will be published in 2015. His published articles have appeared in journals such as the Journal of International Money and Finance, Review of International Economics, Open Economies Review, Journal of Development Economics, Economics & Politics, Journal of Macroeconomics, Review of World Economics, and World Development. He is a member of the Editorial Boards of the Review of International Organizations and the Journal of International Commerce, Economics and Policy.
Professor Joyce received a B.S.F.S. degree in international affairs from Georgetown University’s School of Foreign Service, and an M.A. and Ph.D. in economics from Boston University.
Financial booms have become a chronic feature of the global financial system. When these booms end in crises, the impact on economic conditions can be severe. Carmen M. Reinhart and Kenne...
The IMF has issued a warning that “increasing financial market turbulence and falling asset prices” are weakening the global economy, which already faces headwinds due to the “…modest rec...
China’s capital outflow last year is estimated to have totaled $1 trillion. Money has been channeled out of China in various ways, including individuals carrying cash, the purchase of for...
The recent research related to the trilemma (see here) confirms that policymakers who are willing to sacrifice control of the exchange rate or capital flows can implement monetary policy....