Financial Globalization

Carlos M. Peláez and Carlos A. Peláez

Chapter 3 in Globalization and the State: Volume II, 2008, pp 73-113 from Palgrave Macmillan

Abstract: Abstract Economists are in general in favor of the benefits resulting from greater global integration of trade. There is no agreement on the benefits of financial globalization. The gains from trade are derived from an extension to foreign markets of the benefits of the expansion of the market by specialization within the nation state. The benefits of finance for efficiency and growth constitute the basis of the argument for freer capital markets. The empirical evidence on the efficiency and growth effects of financial liberalization is still debated by the profession.

Keywords: Interest Rate; Central Bank; Moral Hazard; Exchange Rate Regime; Capital Account (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22829-0_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230228290

DOI: 10.1057/9780230228290_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().