Reaping the Benefits of Financial Globalization
Object category:
Elektronische Ressource
Publisher:
International Monetary Fund
Ort:
Washington, D.C
Date:
2008
Language:
Englisch
Additional information
Abstract:
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy
Object text:
Dell'Ariccia, Giovanni
Online-Ausg.
Online-Ausg.
Access and usage options
Administrative details
Created:
2023-04-13
Last changed:
2023-01-26
Added to portal:
2023-04-13
Feedback
Our data sets are in constant development. If you have additional information about this object or discovered an error, please write to us. Information on privacy policy