distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial … financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …

glut" observed in the era of advancing financial globalization. The supposed paradox is that the developing world has … States' position as issuer of the world's premiere reserve currency and supremacy in global finance explain the related …

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut … flows may help explain why emerging markets have not been able to realize this presumed benefit of financial globalization …

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …