The Drivers of Financial Globalization

Philip R. Lane and Gian Maria Milesi-Ferretti
Authors registered in the RePEc Author Service: Gian Maria Milesi-Ferretti () and Philip Lane

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: We provide a brief review and analysis of recent trends in international financial integration. In particular, we highlight the asymmetric nature of financial globalization, with the scale of cross-border positions among the advanced economies growing more quickly than for emerging market economies and developing countries. We investigate the sources of this divergent pattern and discuss the factors that could shape financial globalization in the coming years.

Date: 2008-01-11
New Economics Papers: this item is included in nep-fmk
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Journal Article: The Drivers of Financial Globalization (2008)
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