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 …

financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has …