''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''What determines borrowing costs in emerging bond markets? When is "news" more important than fundamentals? When do financial crises occur together and when do they occur independently? Emerging Markets and Financial Globalization uses both the past and the present to seek answers. 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'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.