which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … investment. While financial globalization always improves the welfare of a developed country with a good financial system, its … the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …

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

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

inescapable in the real world of asymmetric information and imperfect contract enforcement. I argue, however, that in confronting …

globalization, international tax competition, and the fading generosity of the welfare state. Financial globalization triggers a … key mechanism which links financial globalization to redistribution policy, this paper develops a stripped-down model …, where easing the country access to the world capital markets induces political-economy based policy changes that impact …

gross external portfolio positions. This phenomenon has been described as Financial Globalization. Over roughly the same … have conjectured that financial globalization contributed to the improved performance in the level and predictability of …