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Financial globalization : a glass half empty ? (English)

Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from what was originally expected. Various examples illustrate this point. Although the literature predicted large gains from financial globalization (such as additional funding, broad diversification, and deeper financial...
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Schmukler,Sergio L.; Abraham,Facundo.

Financial globalization : a glass half empty ? (English). Policy Research working paper|no. WPS 8194 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/990491505323961395

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