We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account lib

Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, p

One of the most challenging issues for the current state of global economy is a highly uneven distribution of global financial assets and liabilities. Drawing o

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered a

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent wa