In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … groups of countries and examines how international financial integration has affected the evolution of these patterns. Using … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The …

We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … microeconomic (firm- or industry-level) data shows some benefits of financial integration and the distortionary effects of capital … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the …

globalization period (1986-2003). The results indicate that the common (G-7) factor explains a larger fraction of output …, consumption, and investment volatility in the globalization period than in the BW period. These findings suggest that the degree … globalization period. …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …

context of globalization-a term typically used to describe the phenomenon of growing international trade and financial … integration that has intensified since the mid-1980s. Using a comprehensive new data set, we document that, while the basic … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration …

-Level Conference on Asian Integration cohosted by the Monetary Authority of Singapore and the IMF on May 25, 2006. The first documents … recent trends in the intraregional flow of goods and capital and explores linkages between real and financial integration …-of financial integration in Asia. The third considers the implications of economic integration for the choice of the exchange rate …

the improvement in the external position for emerging markets, and the differing pace of financial integration between …

in international financial integration for a sample of industrial countries and seeks to explain the cross-country and …