transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …

equity, and cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the …

regulation. By contrast, the implications for other dimensions of globalization and for the structure of the international …

Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have … significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from … financial globalization (such as additional funding, broad diversification, and deeper financial systems), the positive effects …

The authors present a framework to analyze financial globalization. They argue that financial globalization needs to …, flexible exchange rate regime, and sound contractual and regulatory environment) can integrate successfully into the world …

bond markets. The evidence shows that integration with world financial markets has uneven effects. On the one hand, debt …