rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In … a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the … explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy …

This paper studies the relation between firm''s financing choices and financial globalization. Using an East Asian and … of financing change when economies are liberalized and when firms access international capital markets. We find that debt … financial liberalization. However, domestic firms that actually participate in international capital markets extend their debt …

In recent years financial globalization and benign global market conditions have helped emerging markets in their …