IMF Economic Review
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This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of �IMF Economic Review� with a link to an article by Paul Krugman.

Abstract

This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of �IMF Economic Review� with a link to an article by Paul Krugman.

IMF Research Bulletin

Rabah Arezki

Editor

Prakash Loungani

Co-Editor

Patricia Loo

Assistant Editor

Tracey Lookadoo

Editorial Assistant

Multimedia Services

Composition

The IMF Research Bulletin (ISSN: 1020-8313) is a quarterly publication in English and is available free of charge. The views expressed in the Bulletin are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Material from the Bulletin may be reprinted with proper attribution. Editorial correspondence may be addressed to The Editor, IMF Research Bulletin, IMF, Room HQ1-9-612, Washington, DC 20431 USA; or e-mailed to resbulletin@imf.org.

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IMF Economic Review, the official research journal of the IMF, is one of the leading peer-reviewed journals in the field of business and economics. The journal has attracted high-quality articles from leading scholars including Paul Krugman, Maurice Obstfeld, Thomas Piketty, Viral V. Acharya, Olivier Blanchard, Patrick Bolton, Anil K. Kashyap, and Hyun Song Shin. It has also influenced academia, the broader research community, and policymakers worldwide. IMF Economic Review provides a rigorous analytical forum to discuss some of the most important policy questions of our time.

Our latest article by Paul Krugman can be viewed for free online at: http://bit.ly/1weqGvU

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