This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong … contrasted to those from the Pedroni (1995) cointegration tests and fully modified OLS and dynamic OLS esimators of the …

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 …

remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world … trade and the broader globalization in these economies, or to better domestic policies? In this paper, we review the …

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 …

This paper analyzes the impact of the globalization of financial markets on developing and transition economies …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …

points during two waves of financial globalization (1870-1913 and the present time). The data are drawn from primary sources …

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

housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find … cross-country panel regressions …