Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - 2012
important, concurrent dimensions of financial globalization: diversification and offshoring. The diversification dimension … refers to the increase in foreign assets and liabilities in countries' portfolios. Offshoring is related to the reallocation … cross-border holdings. However, financial globalization via offshoring displays more mixed patterns, with variations across …