surprising development is attributable largely to rapid financial globalization, with cross-border flows worldwide rising as fast … if the current wave of globalization subsided or the rate at which U.S. investors buy foreign assets increased …

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining "rest of the world" flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

to explain the implications of financial globalization for capital flows and housing bubbles. After analyzing its origins …1. Introduction -- 2. A Brief History Of Bubbles -- 3. Origin Of Asset Price Bubbles -- 4. Globalization And Housing …