Managing Financial Globalization: Insights from the Recent Literature
NBER Working Paper No. 24330
---- Acknowledgments ----
This paper surveys the recent literature on the effects of financial globalization on developing countries and draws on several research papers that I have coauthored. I would like to thank Qingyuan Du, Jeffrey Frankel, Xuehui Han, Ayhan Kose, Jun Nie, Esward Prasad, Kenneth Rogoff, Hui Tong, and Jing Zhou for their research collaboration. I have learned a lot from them. I also thank Kristin Forbes and participants of the Conference on Globalization, Development, Economic and Financial Stability in Tokyo, December 2017, for very helpful comments. The paper is commissioned by the Asian Development Bank Institute. Any errors in the paper are entirely my own responsibility. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.