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Financial Globalisation and the Crisis

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  • Philip 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? Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • Philip Lane, 2013. "Financial Globalisation and the Crisis," Open Economies Review, Springer, vol. 24(3), pages 555-580, July.
  • Handle: RePEc:kap:openec:v:24:y:2013:i:3:p:555-580
    DOI: 10.1007/s11079-012-9266-0
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    More about this item

    Keywords

    Financial globalization; Global financial crisis; E60; F30;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F30 - International Economics - - International Finance - - - General

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