Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis … implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper … examines two important concurrent dimensions of financial globalization relevant for emerging countries: diversification and …

explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national …

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 …

technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …