With financial globalization, investors can gain from diversification if returns from financial markets are stable and … recent trends in the world economy: the global financial crisis and the 2011 Japanese natural disasters (tsunami, earthquake …

This study unites two streams of research by simultaneously focusing on the impact of financial globalization on …, whereas marginal effects from financial globalization are positive on financial dynamics of activity and size, corresponding … net effects (positive thresholds) are negative (within range). Second, while decreasing financial globalization returns …