Economics, Econometrics and Finance
4 years ago

Financial integration and globalization lead to higher growth and stability worldwide.

Journal of Financial Stability
Financial integration, globalization, and real activity
Gianni De Nicoló, Luciana Juvenal

Paper Summary

Related papers

Economics, Econometrics and Finance
4 years ago

Trade integration hinders specialization, while financial integration boosts it globally.

International Finance
Development in Italy
Trade Impact
1 view
Theme background image
Computer Science
4 years ago

Economic integration boosts growth, but financial integration impact remains uncertain.

Financial Access
International Finance
2 views
Economics, Econometrics and Finance
4 years ago

Financial integration and globalization drive global growth and stability, study finds.

International Finance
1 view

Financial integration and globalization have a positive impact on economic growth and stability. By studying data from 48 countries over a 23-year period, researchers found that increased financial integration and globalization lead to higher growth, less volatility in growth, and lower chances of severe economic downturns. The positive effects of financial integration on stability are even stronger when corporate governance improves. Overall, there is no evidence of a trade-off between financial integration, globalization, growth, and stability.