Frontmatter -- Contents -- List of Figures and Tables -- Preface to the Paperback Edition -- Preface -- Part One. Setting the Stage -- Part Two. Building Blocks -- Part Three. Inadequate Institutions -- Part Four. Currency Competition -- Appendix -- Notes -- References -- Acknowledgments -- Index

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....