-law countries. And while equity blocks are commonplace across widely-held firms all around the world and across all legal families …

This paper pursues the comparison of economic integration today and pre 1914 for trade as well as finance, primarily … for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from …

of both advanced and emerging countries during two periods of globalization -- the pre-World War I classical gold … the two eras of globalization reflects factors such as strong cross-country interdependence fostered through links to gold …

The Purchasing Power Parity (PPP) rates from the 2011 round of the International Comparison Program (ICP) imply some … dramatic revisions to price levels and real incomes across the world. The paper tries to understand these changes. Domestic …

How has globalization affected the relative taxation of labor and capital, and why? To address this question we build …

which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … investment. While financial globalization always improves the welfare of a developed country with a good financial system, its … the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …

financial world is not flat because poor governance prevents firms from being widely held and from taking full advantage of … financial globalization. Poor governance has implications for corporate finance as well as for macroeconomics. I show that poor …