The Aggregate and Distributional Effects of Financial Globalization : Evidence from Macro and Sectoral Data /

We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows-financial globalization. Both country- and industry-level results suggest that such policies have led on average to limited output gains while contributing to significant increases...

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Bibliographic Details
Main Author: Furceri, Davide
Other Authors: Loungani, Prakash, Ostry, Jonathan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/083
Online Access:Full text available on IMF