International macroeconomics with imperfect financial markets

A review of recent advances in open economy analysis under segmented international financial markets. set modeling tools that have been used to understand crises, the ensuing policy response (e.g., Quantitative Easing and FX intervention), deviations from arbitrage (CIP deviations), more generally impact capital flows on exchange rates. This approach has also shed a different light classic topics such as rate disconnect, risk sharing, UIP failures, carry trade.