Annals of the Fondazione Luigi Einaudi

An Interdisciplinary Journal of Economics, History and Political Science

The Annals is a forum for the free exchange of ideas
among scholars working in the field of social sciences
Volume LII 1 - 2018

The Real Effects of Financial Globalization: What Do the Data Say?

Ugo Panizza,
pp. 21-30
Cite this article as


This essay reviews empirical studies showing that financial liberalization is associated with large gross capital inflows but smaller net capital inflows; does not have clear payoffs in terms of growth; and has costs in terms of volatility and inequality.
  • Alternative Solutions to the Odious Debt Problem

    Mitu Gulati and Ugo Panizza
    Volume LIV 1 - 2020 pp. 153-168
    Cite this article as DOI: 10.26331/1104