This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regi

This book is an economic survey of international capital mobility from the late nineteenth century to the present.

Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However,

Financial intermediation is currently a subject of active research on both sides of the Atlantic. The integration of European financial markets, in particular,