for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

rate stability and monetary autonomy) continues to be a valid macroeconomic framework. The financial globalization during … financial globalization has been the growing exposure of developing countries to costly capital flights and deleveraging crises …

stability and monetary autonomy) remains a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced … globalization is the growing exposure of developing countries to capital flights, and deleveraging crises. The significant costs …