1. Introduction. Issues on Globalization. Statement of Research Problem. Purposes of the Study. Research Questions -- 2. Review of Literature. A Brief Review of the Conceptual Approaches. Modern Theories of Determinants of International Capital Flows. Flow Theory. Portfolio Theory. The Monetary Approach to the Balance of Payments. Previous Empirical Analyses. Overview of Literature -- 3. Research Methodology. Theoretical Framework. Data Selection. Research Hypotheses and Exogenous Variable Selection. Model Specifications -- 4. Empirical Findings. Causes of Globalization of International Financial Markets. Consequences of Globalization for Capital Flows. Four Types of Short-term Capital Flows -- 5. Overview -- App. A. Variable Creation and Identification -- App. B. Statistical Tests -- App. C. Descriptive Statistics for 121 Countries -- App. D. Models with Country and Time Dummy Coefficients
Bibliography
Includes bibliographical references (pages 258-265)
