The process of financial integration has increased the exposure of South African financial markets to foreign financial crises. This paper contributes to the understanding of crisis transmission by evaluating several hypotheses that claim to explain how financial crises are transmitted to South...

Prologue: What's at Stake -- Part I: Big Business:Climb to Sustainability -- Part II: Upgrade Supply Chains vs. Dress to Kill -- Part III: Fixing Energy, the Mother of All Markets -- Part IV: Capital Markets, Time to Graduate from the Casino -- Epilogue: Leth's Do It!.

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 where gross capital mobility is equally high, but did...

Purpose - This study assesses the effect of time-dynamic financial globalisation uncertainty on financial development in 53 African countries for the period 2000-2011. Design/methodology/approach - Financial globalisation uncertainty is estimated as time-dynamic to capture business cycle...