The global …nancial crisis provides an important testing ground for the …nancial globalisation model. We ask three questions. First, did …nancial globalisation mate- rially contribute to the origination of the global …nancial crisis? Second, once the crisis occurred, how did …nancial globalisation a¤ect the incidence and propagation of the crisis across di¤erent countries? Third, how has …nancial globalisation a¤ected the management of the crisis at national and international levels?
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