The Impact of Financial Globalization on Developing Countries: Empirical Research Results: Empirical Research Results

Author: Prasad
Publisher:
Publish Date: 2004-05-01
Features: In the recent wave of financial globalization that began in the mid-1980s, capital flows between industrial countries increased dramatically. However, what is more striking is the capital flow between industrial countries and developing countries. Financial globalization is a vast and complex topic. Understanding the impact of financial globalization, especially on developing countries, is of great significance. Although there has been much debate on this issue, the arguments used in these debates are often neither consistent nor clear. This book attempts to provide a systematic and critical review of recent empirical research findings on this topic, including some new studies on it.