The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary …. Since international monetary cooperation might be difficult, though desirable, central banks in major advanced economies …

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. …

This paper examines the interaction between capital flows and international reserve holdings in the context of … globalization, we also provide evidence that the sensitivity of reserves to net capital flows increased with globalization for …

Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries …

This paper takes stock of the evolution of the international monetary system over the last thousand years. Several … points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary … countries. Finally, recent developments represent a return to the more market-driven international monetary system that …