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Abstract
This essay reviews empirical studies showing that financial liberalization is associated with large gross capital inflows but smaller net capital inflows; does not have clear payoffs in terms of growth; and has costs in terms of volatility and inequality.
Details
Title
The real effects of financial globalization: what do the data say?
Author
Panizza, Ugo
Linking Note
In: Annals of the Fondazione Luigi Einaudi. - Vol. LII(2018), 1, p. 21-30
Date
2018
Content Type
Journal Articles
Record Created
2019-03-22
Record ID
296899