old joke goes, the rest of the world caught a cold. But that dominance is now being challenged by the rise of rapidly … outline the consequences of this evolving world economic order – in particular, how it is decoupling the business cycles of …

cut back investment in innovation. Since innovation in the United States determines the evolution of the world …. The model thus offers a new perspective on the consequences of financial globalization, and on the appropriate policy …

empirically revisit the traditional financial development proxies relationship with economic growth after world's second greatest …

and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … identified by the Financial Development and Structure Database of the World Bank …

economic growth of peripheral economies during the so-called first age of financial globalization before 1914. For this paper … globalization. Our temptative explanation for this marked difference between now and then stresses property rights protection as a …

In the first era of financial globalization (1880-1914), global capital market integration led to substantial net … capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization … movements. -- capital market integration ; financial globalization ; economic history …

globalization from 1880 to 1913 and the Great Depression. We find that joint global dynamics across various financial quantities and …