process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … of countries but divergence (or decoupling) between them. -- Globalization ; business cycles ; macroeconomic fluctuations …

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign … saving affects foreign assets via three mechanisms: business cycle volatility, financial globalization, and Sudden Stop risk … Irving Fisher's debt-deflation mechanism. Our results show that financial globalization and Sudden Stop risk are plausible …