, which can be computed back to the first era of financial globalization for 17 countries. Global financial market integration … shapes hypothesized in earlier literature. We find no evidence of financial globalization reversing since the Great Recession …

potential spillback onto the U.S. economy from the disproportionate impact of U.S. monetary policy on the outside world. In …

risky assets around the world. We find evidence of large financial spillovers from the hegemon to the rest of the world …

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national central banks …

gross external portfolio positions. This phenomenon has been described as Financial Globalization. Over roughly the same … have conjectured that financial globalization contributed to the improved performance in the level and predictability of …