This paper examines the effects of globalisation on the pace of governments implementing international travel restrictions during the recent coronavirus pandemic. We find that more globalised countries experienced a longer delay in implementing international travel restriction policies with...

Financial globalisation has led to large increases in foreign assets and liabilities in recent decades, increasing the scope for valuation changes that are potentially greater than trade or financial flows. We confirm that the United States enjoys an 'exorbitant privilege' on flow income from...