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  • Kenneth Rogoff


Financial Globalization: A Reappraisal. Kenneth Rogoff, 2009, Paper. "The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. There is still little robust evidence of the growth benefits of broad capital account liberalization, but a number of recent papers in the finance literature report that equity market liberalizations do significantly boost growth..." Link