One could trace its beginnings to the 1970’s, when recycled petrodollars fueled large capital inflows to developing nations. But it was only around 1990 that most emerging markets threw caution to the wind and removed controls on private portfolio and bank flows.
金融全球化是一个新现象。其起源可以追溯到七十年代，当时，石油美元循环促使大量的资本向发展中国家流动。但是，只是到了九十年代左右大多数新兴市场体才摈弃谨慎，解除了私有投资组合以及银行资金流动的控制。从此以来，私有资本流动剧增，令货物贸易和服务贸易相形见绌。因此，当今世界经历真正的金融全球化只不过有15年时间左右。