...Two key challenges impede progress in improving oversight, one political and one analytical. The political problem is the clash between national sovereignty and policymaking and the international linkages brought about by financial globalization. The analytical problem is that macroeconomics has...

... and the maturity structure of external debt appear to be linked with higher vulnerability to the risks of financial globalization. The data generally support the importance of employing various complementary policies to increase the benefits of globalization for the poor. Financial globalization defined Aizenman...

... sophisticated institutions have helped obtain a high success rate in attracting portfolio flows. It also has many potential strengths for participating in financial globalization. Its experience with capital flows is deeply intertwined with India's experience with the currency regime. Capital flows have shaped...

.... This chapter describes the historical evidence on sudden stops (SSs) using a new international data set on capital inflows spanning sixteen countries since the early days of financial globalization, around 1870—when asset market arbitrage was greatly spurred by the advent of the transatlantic telegraph in 1866...

... so far in managing the risks linked with financial globalization, but major challenges remain to ensure that continued integration with financial markets does not worsen the risk-return trade-off. Reference Aizenman, Joshua, and Nancy Marion. 2004 . International reserve holdings...