The global financial crisis serves as a reminder of the risks of financial globalization. After grappling with surges … fierce debate about the merits of financial globalization and its effects on growth and stability, especially for emerging … implications for the debate on financial globalization. Nevertheless, there are two preliminary observations that are pertinent …

process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …

The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted … three times more due to a similarly sized increase in G7 growth. Third, among the EM7, spillovers from China are the largest …

The seven largest emerging market economies -- China, India, Brazil, Russia, Mexico, Indonesia, and Turkey …-half to three times more due to a similarly sized increase in G7 growth. Third, among the EM7, spillovers from China are the …