We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …

We analyze whether or not the globalization of capital, "disciplines" governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This … "golden straitjacket". However, globalization may also "overdiscipline" governments - resulting in a perverse impact on …

We construct a theoretical model to capture the compensation and efficiency effects of globalization in a set up where … globalization- trade liberalization and financial openness- could potentially have different effects on taxation. We then provide … some empirical evidence on the relationship between taxation and the alternative modes of globalization using a large cross …