MARC Record from Library of Congress

LEADER: 02491cam a22003374a 4500
001 2009284273
003 DLC
005 20100319105426.0
008 090629s2008 dcua b i000 0 eng
010 $a 2009284273
020 $a9781589067486
020 $a1589067487
040 $aDLC$cDLC
050 00 $aHG3881$b.R322 2008
245 00 $aReaping the benefits of financial globalization /$cGiovanni Dell'Ariccia ... [et. al.].
246 3 $aBenefits of financial globalization
260 $aWashington, DC :$bInternational Monetary Fund,$cc2008.
300 $av, 37 p. :$bill. ;$c28 cm.
490 1 $aOccasional paper ;$v264
504 $aIncludes bibliographical references (p. 33-35).
530 $aAlso available online.
505 0 $aOverview -- Introduction -- Some facts on financial globalization -- Determinants of financial globalization : a cross-country perspective -- Risk-sharing benefits of financial globalization : theory and practice -- How does financial globalization affect stability and growth? -- Conclusion -- Appendixes. I. Country lists. II. Capital control indices. III. Case studies on financial account liberalization -- References.
520 $a"Financial globalization has increased dramatically over the past three decades, particularly different capital control regimes, as well as from a range of persistent factors, including different degrees of institutional quality and domestic financial development. While, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. Countries gain or lose from financial integration depending on their domestic economic and institutional conditions. The results in this Occasional Paper are broadly supportive of an approach envisaging a gradual and orderly sequencing of external financial liberalization and emphasizing the desirability of complementary reforms in macroeconomic policy framework and the domestic financial system as essential components of a successful liberalization strategy" -- preface (v.)
650 0 $aInternational finance
650 0 $aCapital movements
650 0 $aEconomic policy
650 0 $aGlobalization
700 1 $aDell'Ariccia, Giovanni.
710 2 $aInternational Monetary Fund.
830 0 $aOccasional paper (International Monetary Fund) ;$v264.
856 41 $uhttp://www.imf.org/external/np/res/docs/2007/0607.pdf$zConnect to online resource