We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. Both country-

We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 countries during 1970-2014, we apply a ne

This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empir

This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average,

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic e