. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated … management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing …

Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the quot … find strong and robust causal evidence. There is some evidence that financial globalization may have induced countries to …