This paper reviews recent research on corporate governance, with a special focus on
emerging markets. It finds that better corporate governance benefit firms through greater …

This paper reviews the literature on financial crises focusing on three specific aspects. First,
what are the main factors explaining financial crises? Since many theories on the sources of …

Although cross-border lending has fallen sharply since the crisis, foreign bank presence—
that is,“brick-and-mortar” operations—declined much less. While OECD banks reduced their …

This article studies whether the volume and composition of capital flows affect the degree of
credit crunch during the 2007–2009 crisis. Using data on 3,823 firms in 24 emerging …

This study provides a systematic analysis of the empirical literature on the relationship
between financial liberalization and economic growth by conducting a meta-analysis, based …

From 1990 to 2011, the share of world IPO activity by non-US firms increased because of
financial globalization and because of a decrease in US IPO activity. Financial globalization …

Given the escalating climate change, economies are concerned for the attainment of
sustainable economic improvements. Hence, abiding by the objective of sustainability while …

In the mid-1990s, mainstream economists of nearly all stripes commonly recommended
capital account liberalization—that is, allowing a free flow of funds in and out of a country's …

By making use of the bank-based theory of financial development, this paper develops a
simultaneous equations model that allows one to empirically examine the interrelationship …

This article makes both a theoretical and an empirical contribution to the literature on
financial liberalization and income inequality. In the first part, we develop a tractable model …