01958cas a2200277 a 4500 AALejournalIMF015667 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589067486 0251-6365 BD-DhAAL BD-DhAAL Dell'Ariccia, Giovanni. Reaping the Benefits of Financial Globalization / Giovanni Dell'Ariccia, Paolo Mauro, Andre Faria, Jonathan Ostry. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (52 pages) Occasional Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as institutional quality and domestic financial development. Although, in principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster economic growth, in practice its effects are less clear-cut. This paper envisages a gradual and orderly sequencing of external financial liberalization and complementary reforms in macroeconomic policy framework as essential components of a successful liberalization strategy. Mode of access: Internet Faria, Andre. Mauro, Paolo. Ostry, Jonathan. Occasional Papers; Occasional Paper ; No. 2008/007 Full text available on IMF http://elibrary.imf.org/view/books/084/05569-9781589067486-en/05569-9781589067486-en-book.xml IMF e-Library