context of globalization a term typically used to describe the phenomenon of growing international trade and financial … interaction of financial integration with volatility. -- globalization ; international trade and financial linkages …

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign … saving affects foreign assets via three mechanisms: business cycle volatility, financial globalization, and Sudden Stop risk … Irving Fisher's debt-deflation mechanism. Our results show that financial globalization and Sudden Stop risk are plausible …