There is widespread agreement in the current social and economic debate that the nations of the world are becoming increasingly integrated. Many structural sign

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far ex

This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outwei

The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financi