Foreign portfolio flows constitute a key component of economic activity in small open economies such as Colombia. The dynamics of these flows are subject to the influence of both external (push) factors and domestic (pull) factors. Consequently, economic crises and episodes of financial distress...

Frontmatter -- Contents -- Preface -- One. The Next Great Globalization: A Force for Good? -- Part One. Is Financial Globalization Beneficial? -- Two. How Poor Countries Can Get Rich: Strengthening Property Rights and the Financial System -- Three. Financial Development, Economic Growth, and...