Does financial globalization contribute to financial development in ...

The main findings of this study reveal the existence of a U-shaped relationship between financial globalization and financial development in Africa.

In other words, countries with a lower (higher) level of financial globalization have experienced negative (positive) effects on their financial ...

Effects of Financial Globalization on Developing Countries

In short, although financial globalization can, in theory, help to promote economic growth through various channels, there is as yet no robust empirical ...

Financial globalization and financial development in transition ...

Notwithstanding financial crises, economic literature argues theoretically and empirically that globalization promotes financial development because it allows ...

Financial globalization: gain and pain for developing countries (Inglês)

Financial globalization can lead to large benefits, particularly to the development of the financial system. But financial globalization can also come with ...

The financial development impact of financial globalization revisited

We examine the financial development-impact of financial globalization in OECD countries. · We find that financial globalization has a positive impact on ...

Does Financial Development Promote Economic Globalization ...

Financial development promotes economic globalization in the top globalized developing regions in the long run. The growth in financial ...

(PDF) Does financial globalization contribute to ... - ResearchGate

However, above a certain point, a growth in financial globalization is accompanied by an increase in financial development. In other words, countries with a ...

Benefits and risks of financial globalization - World Bank Documents

Financial globalization can lead to large benefits, particularly to the development of the financial system. But financial globalization can also come with ...

Financial Globalization: Beyond the Blame Game

The notion that financial globalization influences growth mainly through indirect channels has powerful implications for an empirical analysis of its benefits.

Financial Globalization, Growth and Volatility in Developing Countries

globalization promote economic growth in developing countries, and (b) what is its impact on macroeconomic volatility in these countries? While this paper does ...

FINANCIAL GLOBALIZATION AND FINANCIAL DEVELOPMENT IN ...

In addition, the results, after inclusion of institutional variables, suggest that the impact of financial globaliza- tion on financial development will be ...

Financial Globalization: A Reappraisal - Eswar Prasad

Focusing on collateral instead of direct benefits to financial globalization can also help explain why recent research that examines the growth effects of ...

Globalization and Financial Development - Federal Reserve Board

Globalizing the domestic financial system by opening financial markets to foreigners encourages financial development and growth in wealth in ...

Rethinking the Effects of Financial Globalization - Oxford Academic

Financial globalization can lead to a variety of outcomes: (i) domestic capital flight and ambiguous effects on net capital flows, investment, and growth ...

FINANCIAL GLOBALIZATION, INSTITUTIONS AND ECONOMIC ...

Financial globalization, institutions and economic growth impact on financial sector development in fragile ... Does globalization affect growth?

A Guide for Developing Countries Based on the Recent Literature

Distortions in the domestic financial market, international capital market, domestic labor market, and domestic public governance can make financial ...

Growing Up to Stability? Financial Globalization, Financial ...

Recently it has been argued that capital inflows often lead to an expansion of bank lending which can create an asset price boom, especially in real estate, an ...

Financial Globalization and Economic Policies

In contrast, the procyclical and highly volatile nature of debt flows, especially short-term bank loans, can magnify the adverse impact of negative shocks on ...

Does financial globalization promote risk sharing? - Eswar Prasad

Conventional theoretical models in open economy macroeco- nomics and international finance yield clear predictions about the impact of financial integration on ...