world finance are characterized by higher per capita incomes, higher long-run growth rates, and lower output and consumption …Among the developing countries of the world, those emerging markets that have sought some degree of integration into …

recently available World Input-Output Database (WIOD) to study the properties of the new measures of the REER for 40 countries …

This paper pursues the comparison of economic integration today and pre 1914 for trade as well as finance, primarily … for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from …

This paper argues that the globalization of securities markets may promote contagion among investors by weakening …

This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital … decreases because of globalization for two important reasons. First, the expected return that investors require to invest in … prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …

valuation gap for firms from developed markets increases by 31% after the GFC - a reversal in financial globalization - while …

Two observations suggest that financial globalization played an important role in the recent financial crisis. First …