The Real Effects of Financial Globalization: What Do the Data Say?

Ugo Panizza

Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, 2018, vol. 52, issue 1, 21-30

Abstract: This essay reviews empirical studies showing that financial liberalization is associated with large gross capital inflows but smaller net capital inflows; does not have clear payoffs in terms of growth; and has costs in terms of volatility and inequality.

Keywords: Capital Flows; Income Growth and Inequality (search for similar items in EconPapers)
JEL-codes: F21 G15 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:fle:journl:v:52:y:2018:i:1:p:21-30

DOI: 10.26331/1030

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