Effects of Financial Globalization on Developing Countries: Some Empirical Evidence

By Eswar S. Prasad, Kenneth S. Rogoff, Shang-jin Wei, Ayhan Kose, E. Borensztein, Robin Brooks, Gaston Gelos, Paolo Mauro, Tamim A. Bayoumi, Andrew Berg and 11 more. 2003

1,475 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/2cea16eb2a98291be265a1a3b5b83e02cbd76520

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Citations in the corpus

How Has NAFTA Affected the Mexican Economy? Review and Evidence (2004, neutral): “For example, using a variety of methods, several researchers, including Sachs and Warner (1995) and Dollar and Kraay (2003) show that trade openness helps promote economic growth.”
Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma (2010, neutral): “The empirical literature on the effect of financial liberalization is surveyed by Edison et al. (2002), Henry (2006), Kawai and Takagi (2008), and Prasad et al. (2003). effect of each policy choice can differ depending on what the other policy choice it is paired with.”
Financial Globalization and Economic Policies (2009, neutral): “1 For some other recent surveys on financial globalization, see Eichengreen (2001), Prasad et al. (2003), Kose et al. (2006), Mishkin (2006), Henry (2007) and Obstfeld (2007).”
Channels and Policy Debate in the Globalization-Inequality-Poverty Nexus (2006, background): “17 An early study by Ravallion and Chen (1997) estimates that based on a sample of developing countries, the growth elasticity of poverty on average, as measured by the headcount ratio (the proportion of people living below the conventional US$1 a day poverty line) is around 3.”
Business Cycles in Emerging Economies:The Role of Interest Rates (2005, neutral): “Prasad et al. (2003) also report that the relative volatility of consumption in a sample of 55 developing economies is larger than in industrial countries.”
Growth Volatility and Financial Liberalization (2005, background): “An important distinction is between de facto and de jure financial openness or liberalization (see Aizenman and Noy, 2004; Bekaert et al., 2002a,b; Prasad et al., 2004 for recent discussions).”
Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles (2007, background): “Prasad et al. (2003) add empirical support to the idea that good institutions, governance, and macroeconomic fundamentals prior to financial liberalization are crucial to reaping its potential benefits.”
Are Bilateral Remittances Countercyclical? (2011, neutral): “5 Prasad et al. (2003), Prasad et al. (2004), Prasad and Rajan (2008).”
Capital Market Liberalization and Development (2008, background): “In the well known 2003 study cited earlier (Prasad et al. 2003), they repeatedly emphasize that ‘theory’ predicts that CML should enhance stability.”