Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …

economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … market-state balance, macroeconomic management, globalization, development financing, and public spending. On the one hand … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …

equity, and cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the …

This paper addresses the implications of financial globalization for exchange rate behavior. We highlight two …