This paper compares different fiscal integration schemes on the basis of their ability to finance public investments … and resilience to debt distress and contagion. Complete integration schemes, where a central authority chooses the level … to incomplete integration schemes, where member governments choose public investments unilaterally. As a result …

relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …

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 …

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 …

integrating financially with the rest of the world since the 1990s, using bilateral data on portfolio investments, syndicated bank …, theregion is increasingly more connected with itself and with the rest of the world, even relative to GDP. Second, although …