Reaping the Benefits of Financial Globalization (Paperback)

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.

General

Imprint:	International Monetary Fund (IMF)
Country of origin:	United States
Release date:	December 2008
First published:	December 2008
Authors:	Giovanni Dell'Ariccia • Julian Di Giovanni • Andre Faria • M. Ayhan Kose • Paolo Mauro • Martin Schindler • Marco Terrones
Dimensions:	280mm (L)
Format:	Paperback
Pages:	44
ISBN-13:	978-1-58906-748-6
Categories:	Books > Reference & Interdisciplinary > Interdisciplinary studies > Globalization Books > Business & Economics > Economics > International economics > International finance
LSN:	1-58906-748-7
Barcode:	9781589067486

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