This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital … decreases because of globalization for two important reasons. First, the expected return that investors require to invest in … prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …

recently available World Input-Output Database (WIOD) to study the properties of the new measures of the REER for 40 countries …

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national central banks …

and asset prices first rise and then fall. These results are in line with the post-globalization dynamics observed in …

globalization. Using this framework we discuss recent work on measuring the impact of various shocks firms face in the global …

. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …