The global financial crisis provides an important testing ground for the financial globalisation
model. We ask three questions. First, did financial globalisation materially contribute to the …

This paper provides an overview of the potential international role of the renminbi (RMB).
Reviewing the current state, the paper finds that much progress has been made on RMB …

We investigate whether financial development benefits from financial globalisation are
questionable until certain thresholds of financial globalisation are attained. The empirical …

The stylized fact that there is no correlation between long-run economic growth and financial
globalization has spawned a recent literature that purports to provide newer evidence and …

The US dollar's dominance seems under threat. The near collapse of the US financial
system in 2008–2009, political paralysis that has blocked effective policymaking, and …

China's currency, the renminbi (RMB), has taken the world by storm. The RMB is well on its
way to becoming a significant international currency, one that is used widely in international …

The financial crisis has re-ignited the fierce debate about the merits of financial globalization
and its implications for growth, especially for developing countries. The empirical literature …

This study investigates the role of financial and institutional development on economic
growth in the Association of Southeast Asian Nations (ASEAN) economies from 1995 to …

Economic theory has identified a number of channels through which openness to
international financial flows could raise productivity growth. However, while there is a vast …

Despite an abundance of cross-section, panel, and event studies, there is strikingly little
convincing documentation of direct positive impacts of financial opening on the economic …