The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the s

This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empir

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is b

The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of finan

This paper presents a framework to analyze financial globalization. It argues that financial globalization needs to take into account the relation between money