globalization for local market deepening, international risk diversification, financial contagion, and financial dollarization, and …Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …

globalization for local market deepening, international risk diversification, financial contagion, and financial dollarization, and …Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …

This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other … measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … adjustment of financial globalization trends for developed, emerging, and frontier markets. The paper also shows that financial …

economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … market-state balance, macroeconomic management, globalization, development financing, and public spending. On the one hand … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …

likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …

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 …

inflows. But country developments are at least as important in determining those flows, especially for Asia. They also find …

The authors investigate whether integration with global markets affects the financing choices of firms from East Asia … bond markets. The evidence shows that integration with world financial markets has uneven effects. On the one hand, debt …