This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the … pandemic. Because capital markets have a larger role in firm financing, policy makers have limited tools to mitigate the risks …

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 …