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The Evidence and Impact of Financial Globalization by Gerard Caprio

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Chapter 1

Financial Globalization and CrisesOverview

T. Beck*, S. Claessens and S.L. Schmukler

*CentER and European Banking Center, Tilburg University, The Netherlands and CEPR, London, UK

International Monetary Fund, Washington DC, USA, University of Amsterdam, Amsterdam, The Netherlands, and CEPR, London, UK

The World Bank, Washington DC, USA

Outline

Introduction

Financial globalization, the integration of countries with the global financial system, has increased substantially since the 1970s and particularly with more ...

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