This paper tests if real and financial linkages between countries can explain why movements in the world's largest … between the world's 5 largest economies and about 40 other markets to decompose the cross-country factor loadings into: direct … to be the most important determinant of how movements in the world's largest markets affect financial markets around the …

of both advanced and emerging countries during two periods of globalization -- the pre-World War I classical gold …

these vicissitudes quantitatively and explaining them. Economic theory and economic history together can provide useful …

As the world becomes more financially integrated and complex, average individuals and their families are increasingly …

trade reinforced each other before 1930, but that these effects did not persist after the Second World War. Financial … after 1945. We attribute the rising importance of trade in explaining growth to major post-World War II changes in tariffs …