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

Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the ""discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …

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

This paper studies the relation between firm''s financing choices and financial globalization. Using an East Asian and …

insist that international colleges of regulators are not enough-that it is desirable to create a World Financial Organization …