changing demands for modern central bank interventions in the economy. Financial instability, followed by WWII, left a world …

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign … saving affects foreign assets via three mechanisms: business cycle volatility, financial globalization, and Sudden Stop risk … Irving Fisher's debt-deflation mechanism. Our results show that financial globalization and Sudden Stop risk are plausible …

In this paper I analyze the role of openness and globalization in Latin America's economic development. The paper is … crises have been more costly in Latin America than in the rest of the world. I also find that the cost of external crises has …

Two observations suggest that financial globalization played an important role in the recent financial crisis. First …

We consider the operation of international capital markets in two periods of globalization, before 1914 and after 1971 … international monetary framework was responsible for the relatively short-lived and mild nature of pre-World War I financial crises …

valuation gap for firms from developed markets increases by 31% after the GFC – a reversal in financial globalization – while …

Globalization has made it possible for labor in developing countries to augment labor in the developed world, without … world's effective labor supply, triggered by geo-political events and technological innovations, coupled with the inability …