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Financial Globalisation and the Crisis

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  • Philip R. Lane

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?

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Bibliographic Info

Paper provided by Bank for International Settlements in its series BIS Working Papers with number 397.

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Length: 42 pages
Date of creation: Dec 2012
Date of revision:
Handle: RePEc:bis:biswps:397

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Keywords: financial globalization; global financial crisis;

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References

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Cited by:
  1. Jean Pisani-Ferry & André Sapir & Guntram B. Wolff, . "EU-IMF assistance to euro area countries: an early assessment," Blueprints, Bruegel, number 779, October.
  2. Philip R. Lane, 2013. "Cross-Border Financial Integration in Asia and the Macro-Financial Policy Framework," The Institute for International Integration Studies Discussion Paper Series iiisdp423, IIIS.

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