process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …

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

wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …