One could probably write a science fiction book on the subject, or maybe a series.
I don't think we completely understand the arrow of time, but let's just say it is locally pointed in the direction of increasing entropy. In our universe, this is in the direction of increasing time. The arrow of time doesn't necessarily have to point in the direction of time, but for whatever reason, our cosmology is such that everything is homogeneous and isotropic in the space directions, but very different along the time direction. Maybe there's a reason, but I don't know. If there are two time dimensions, entropy might increase in one time direction but be constant along the other. In which case, time would flow like it does in our universe, but the geometry of space-time would be different. Or entropy might increase in both directions like the radius of a circle: ##S = f(\sqrt{t_1^2 + t_2^2})##. In which case, time would appear to flow "outward" from the center of time, which would be a special point like the Big Bang.
If the arrow of time is given by gradient of entropy, then there are no closed arrowtime-like curves. Closed coordinatetime-curves aren't really a big deal for causality.