integration for industrial countries, especially during the globalization period. However, developing countries do not show any …

distinct impact of financial integration and globalization on several dimensions of real activity. We find that: financial … financial integration predict better growth prospects; both advances in financial integration and globalization are associated … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …

Will the world run out of 'safe assets' and what would be the consequences on global financial stability? We argue that … in a world with competing private stores of value, the global economic system tends to favor the riskiest ones. Privately …

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 …

This paper examines how the financial globalization affects international equity mutual funds' portfolio choices in … correlated with the global market. The results help understand how the financial globalization may raise the portfolio risk of …