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 offers a comprehensive review and careful assessment of China's mobile
payment business. With broad access, low costs, and reliable transactions, mobile payments …

The idea behind the spillover effect of FDI on economic growth is based on the idea that
multinational companies can bring technological innovation and rich knowledge to host …

A contribution of foreign direct investment to economic growth is possibly one of the widely
examined topics in academic research in the last five decades. However, few studies have …

Creating the European monetary union between diverse and unequal nation states is
arguably one of the biggest social experiments in history. This book offers an explanation of …

The literature on the benefits and costs of financial globalization for developing countries
has exploded in recent years, but along many disparate channels with a variety of …

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 …

We analyze the evolution of the degree of global cyclical interdependence over the period
1960–2008. Using a dynamic factor model, we decompose macroeconomic fluctuations in …

We examine whether the cross-country incidence and severity of the 2008–09 global
recession is systematically related to precrisis macroeconomic and financial factors. We find …

Episodes of account liberalization increase the Gini measure of inequality, based on panel
data estimates for 149 countries from 1970 to 2010. These episodes are also associated …