Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign … saving affects foreign assets via three mechanisms: business cycle volatility, financial globalization, and Sudden Stop risk … Irving Fisher's debt-deflation mechanism. Our results show that financial globalization and Sudden Stop risk are plausible …

meant to save the world from the consequences of globalization--think WTO and IMF, in our own time--ended by destroying both …Frontmatter -- Preface -- Contents -- Tables and Figures -- 1. Introduction: The End of Globalization and the Problem …"Globalization" is here. Signified by an increasingly close economic interconnection that has led to profound political …