relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … alternative measures, and find that, in the 2000s, financial globalization has grown only marginally and international portfolio … globalization for local market deepening, international risk diversification, financial contagion, and financial dollarization, and …

of financial activities to international markets. The former focuses on who holds the assets, the latter on where … transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …

relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … alternative measures, and find that, in the 2000s, financial globalization has grown only marginally and international portfolio … globalization for local market deepening, international risk diversification, financial contagion, and financial dollarization, and …

economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …

and 10 areas that matter for development. Building on decade-long data collection by the World Bank Enterprise Surveys …