Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have … significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from … financial globalization (such as additional funding, broad diversification, and deeper financial systems), the positive effects …

-market premium and putting more downward pressure on domestic prices. "--World Bank web site …

implications of financial globalization. Second, changes in firm performance following equity and debt issuances in international … the amount raised in domestic markets, suggesting that international and domestic markets are complements. "--World Bank …

are associated with higher volatility, rather than by more persistent deviations from the law of one price. "--World Bank …

, Development Research Group--is part of a larger effort in the group to study market discipline"--World Bank web site …