''This meticulous and imaginative study represents a real breakthrough for our understanding of pre-First World War financial "globalization" . essential reading for anyone who wants to understand how internationally integrated bond markets functioned in what is sometimes called (perhaps misleadingly) the world economy's "golden age".'Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University''Accessible writing, elegant analysis, and profound insights - a must read for those interested in financial globalization.''Jeffrey G. Williamson, Laird Bell Professor of Economics, Harvard University''The great economic histories, for example by Bairoch, Braudel, Cipolla, de Vries, and Pirenne, are full of detailed facts and broad ideas. Emerging Markets and Financial Globalization belongs in the same category (and on the same bookshelf) for a simple reason-- like the classics, you cannot pick up this volume without learning or thinking something new. Sovereign bond spreads shed great light on both how the world used to operate and where it may now beheaded.

The historical research of Sidney Homer on interest rates fundamentally changed how people think about bonds. The work of Mauro, Sussman, and Yafeh is likely to do the same.''Simon Johnson, Kurtz Professor, Sloan School of Management, MIT'An important contribution to the study of financial globalisation Masters' programs in economics and international affairs should use this book to introduce their students to the intricacies of globalisation. It is certainly a must read for everybody interested in the field of international economics.'Journal of International Economics.