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Financial Globalisation and the Crisis

Listed author(s):
  • Philip R. Lane

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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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
Handle: RePEc:bis:biswps:397
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