The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …

in affecting developing countries’ experiences with financial globalization. …

whether financial globalization has helped induce governments to pursue better macroeconomic policies (the "discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …