Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - In: Handbook of Development Economics
macroeconomic policies are an important prerequisite for ensuring that financial integration is beneficial. However, our analysis … also suggests that the relationship between financial integration and economic policies is a complex one and that there are … to improve the risk-benefit tradeoffs of financial integration. Ultimately, it is essential to see financial integration …