Benefits and Risks of Financial Globalization : Challenges for Developing Countries

This paper discusses the benefits and risks that financial globalization entails for developing countries. Financial globalization can lead to large benefits, particularly to the development of the financial system. But financial globalization can also come with crises and contagion. The net effe...

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Bibliographic Details
Main Author: Schmukler, Sergio L.
Format: Journal Article
Language:en_US
Published: Federal Reserve Bank of Atlanta 2013
Subjects:
Online Access:http://hdl.handle.net/10986/16311