Title: Benefits and costs of international financial integration
Subtitle: theory and facts
Description: This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.
Subjects: International finance, Capital movements, Economic aspects, Economic aspects of Foreign investments, Economic development, Foreign Investments, International economic integration