International and Monetary Economics

Global capital flows have strongly increased from the 1980s until the outbreak of the financial crisis.
In many advanced economies, there has been a declining trend in interest rates over the past thirty years.
Cross-border ownership of businesses is a key characteristic of a truly integrated economic area.
The developed economies of Europe and the United States are slowly recovering from the worldwide financial crisis and the debt crisis in the euro area. How will the economic situation of these countries evolve in the future? Will the developed economies experience high rates of productivity and economic growth or will they have to face stagnation for a long period of time? Various famous economists have started a debate about these issues.