This paper studies the welfare effects of international investment to evade domestic taxes on domestic investment …

This paper surveys the evolution of international capital mobility since the late-nineteenth century. It begins with an … intervention, the Great Depression emerges as the key turning point in the recent history of international capital markets. …

rate stability and the volume of international capital flows. Capital controls, which were considerably more prevalent …

regulated financial markets of the Bretton Woods system, a variety of financial domestic and international restrictions … during the Great Depression and through World War II only made the case for stable and low interest rates and directed credit … alongside the surge in public debts in advanced economies is documented here. This process of financial 'de-globalization' may …

We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of … country's regulation with respect to foreign capital flows is important in determining its level of segmentation, we find that …

The process of globalization is characterized by an impressive growth in global value chains, as well as the … this paper, we present a simple North-South model of international trade allowing for the joint emergence of firm … potential NGO emergence allows firms to capture gains from globalization, which would otherwise be unattainable. We show that …

We live in a new world economy characterized by financial globalization and historically low interest rates. This … in this world. The interest-rate and terms-of-trade spillovers produce policy externalities that make the noncooperative …