Review Article

Open Economies Review

, Volume 24, Issue 3, pp 555-580

Financial Globalisation and the Crisis

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Abstract

The global financial crisis provides an important testing ground for the financial globalisation model. We ask three questions. First, did financial globalisation materially contribute to the origination of the global financial crisis? Second, once the crisis occurred, how did financial globalisation affect the incidence and propagation of the crisis across different countries? Third, how has financial globalisation affected the management of the crisis at national and international levels?

Keywords

Financial globalization Global financial crisis

JEL

E60 F30