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markets. "--World Bank web site …
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The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher … Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them …
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Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and...
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Does financial development translate into a comparative advantage in industries that use more external finance? The author uses industry-level data on firms' dependence on external finance for 36 industries and 56 countries to examine this question. It is shown that countries with...
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