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Financial Globalization and Economic Policies

Financial Globalization and Economic Policies

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Published by: Stoner on Aug 15, 2009
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Electronic copy available at: http://ssrn.com/abstract=1392949
M. Ayhan KoseEswar S. PrasadKenneth RogoffShang-Jin Wei
Electronic copy available at: http://ssrn.com/abstract=1392949
The Brookings Global Economy and Developmentworking paper series also includes the following titles:Wolfensohn Center for Development Working PapersMiddle East Youth Initiative Working PapersGlobal Health Initiative Working PapersLearn more at www.brookings.edu/global 
Ayhan Kose
is a senior economist in the Macro-Financial Linkages Unit of the International MonetaryFund’s Research Department.
Eswar Prasad
is a Senior Fellow at the BrookingsInstitution, the Tolani Senior Professor of Trade Policyin the department of applied economics and manage-ment at Cornell University and a research associate atthe National Bureau of Economic Research.
Kenneth Rogoff
is a Professor of Economics atHarvard University and a Nonresident Senior Fellow atthe Brookings Institution.
Shang-Jin Wei
is a Professor of Finance and Economicsand N.T. Wang Professor of Chinese Business andEconomy at the Columbia Business School.
 Authors’ note:This paper is prepared for the Handbook of Development Economics, edited by Dani Rodrik and Mark R.Rosenzweig. We would like to thank Stijn Claessens, Marco Terrones, and our discussant, Dani Rodrik, for theirdetailed suggestions. We also thank conference participants for providing helpful comments at the HandbookPreconference. Dionysis Kaltis and Yusuke Tateno provided excellent research assistance. The views expressedin this paper are solely those of the authors and do not necessarily reflect those of the IMF, IMF policy or theBrookings Institution.

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