Thomas Kumar
Management
June 2025
The period of globalization has seen an explosive increase of the financial links between countries - much more opportunities, but also much more vulnerabilities. Developing financial systems with the openness tendencies also make the emerging markets more sensitive to the world linkages. This article explores the character of global financial interdependence and describes its diverse implications for the economic management of the emerging market nations. Building on recent economic developments, theoretical insights and empirical research, the paper focuses on mechanisms of financial transmission, gains from international capital movements, systemic risks, and policy options that could minimize the costs and maximize the benefits of international financial integration.
1029- 1040
© Airo Journals 2021
