The DOI matches its Crossref record; 217 of the 217 references it cites were found in a registry or an index.
Financial Globalization: A Reappraisal
Abstract
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results.We attempt to provide a unified conceptual framework for organizing this vast and growing literature.This framework allows us to provide a fresh synthetic perspective on the macroeconomic effects of financial globalization, both in terms of growth and volatility.Overall, our critical reading of the recent empirical literature is that it lends some qualified support to the view that developing countries can benefit from financial globalization, but with many nuances.On the other hand, there is little systematic evidence to support widely-cited claims that financial globalization by itself leads to deeper and more costly developing country growth crises.
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A Contribution to the Empirics of Economic Growth
Mankiw, N. G., Romer, D., & Weil, D. N. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118477 · Cited by 15,119
Why do Some Countries Produce So Much More Output Per Worker than Others?
Hall, R. E., & Jones, C. I. (1999) · The Quarterly Journal of Economics · doi:10.1162/003355399555954 · Cited by 7,879
Financial Dependence and Growth
Rajan, R., & Zingales, L. (1996) · National Bureau of Economic Research · doi:10.3386/w5758 · Cited by 7,730
The Colonial Origins of Comparative Development: An Empirical Investigation: Reply
Acemoglu, D., Johnson, S., & Robinson, J. A. (2012) · American Economic Review · doi:10.1257/aer.102.6.3077 · Cited by 6,047
How does foreign direct investment affect economic growth?
Borensztein, E., De Gregorio, J., & Lee, J.-W. (1998) · Journal of International Economics · doi:10.1016/s0022-1996(97)00033-0 · Cited by 6,038
Globalization and Its Discontents
(2015) · The SAGE Encyclopedia of Economics and Society · doi:10.4135/9781452206905.n316 · Cited by 5,477
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The Optimal Degree of Commitment to an Intermediate Monetary Target
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Self-citationDo Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela
Aitken, B. J., & Harrison, A. E. (1999) · American Economic Review · doi:10.1257/aer.89.3.605 · Cited by 3,621
Finance and Growth: Theory and Evidence
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A New Measure of Financial Openness
Chinn, M. D., & Ito, H. (2008) · Journal of Comparative Policy Analysis: Research and Practice · doi:10.1080/13876980802231123 · Cited by 2,043
Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence
Rey, H. (2015) · National Bureau of Economic Research · doi:10.3386/w21162 · Cited by 2,027
How do business and financial cycles interact?
Claessens, S., Kose, M. A., & Terrones, M. E. (2012) · Journal of International Economics · doi:10.1016/j.jinteco.2011.11.008 · Cited by 678
Self-citationStock market liberalization and innovation
Moshirian, F., Tian, X., Zhang, B., & Zhang, W. (2021) · Journal of Financial Economics · doi:10.1016/j.jfineco.2020.08.018 · Cited by 409
Thresholds in the process of international financial integration
Ayhan Kose, M., Prasad, E. S., & Taylor, A. D. (2011) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2010.08.005 · Cited by 325
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Metadata
- Authors
- Kose, M. A., Prasad, E., Rogoff, K., & Wei, S.-J.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2006-08
- OpenAlex
- W2124318041
- Cited by
- 927
- References
- 217
- Type
- report
- Language
- en
- Open access
- closed
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