transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …

The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …

, such as Malawi, Russia, Argentina, Turkey and China focus on products that have significant impacts on trade flows. The … as US$43 billion during the crisis period, it explains less than 2 percent of the collapse in world trade …

Russia. The primary estimation strategy adopted is the semi-parametric difference-in-difference with propensity score …

Russia had more-or-less completed the privatization of its manufacturing and natural resource sectors by the end of …, lowered real interest rates, and spurred investment. Instead, Russia suffered a massive public debt-exchange rate … interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization …