In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …

equity, and/or cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering …

The US economy is often referred to as the "banker to the world," due to its unique role in supplying global reserve … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic …

the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …

wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …

Over the last two decades, world trade and production have become increasingly organized around global value chains …