This paper documents a marked increase in international consumption risk sharing throughout the recent globalization period. Unlike earlier studies that have fo
Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movem
We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account lib
Home bias - the empirical phenomenon that investors assign anomalously high weights to their own domestic assets - has puzzled academics for decades: financial