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 … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …

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 … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …

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 …

interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization … notwithstanding. These include a discussion of when financial globalization might actually hurt and a cutoff in market access might …

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 VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain … common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase …