Current Status
Not Enrolled
Get Started

Course Information

Course Title

Financial Globalization, Capital Flows, and the Global Financial Cycle

About the Course

This lecture provides an overview of the benefits of financial globalization and explains why these gains have not always materialized empirically. It also examines the drivers of capital flows in crisis and non-crisis periods and the role of the global financial cycle.

Learning Objectives

The lecture will help learners understand recent developments in financial globalization, including why theoretical benefits do not always match what is observed empirically. It will also help them understand the factors driving capital flows and the role of the global financial cycle.

How to Complete this e-Course

  • Watch 4 short video lessons
  • Review assigned open access reading materials
  • Submit an Evaluation Form
  • Certificate issued upon completion of course requirements


John Beirne, Research Fellow, Asian Development Bank Institute



Derek Hondo, Associate, ADBI