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

-specific characteristics and policies. Sudden stops now tend to affect different parts of the world simultaneously rather than bunching …

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 …

transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …

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