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The literature appears to have reached a consensus that financial globalization has had a "disciplining effect" on … such a relationship exists. One reason is likely to be that de facto measures of financial globalization are endogenous …, and that instruments for financial globalization are elusive. In this paper, I introduce a new instrument, financial …
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a speech at The Euro and the Dollar in a Globalized Economy Conference, U.C. Santa Cruz, Santa Cruz, CA, May 27, 2006
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