Globalization and national financial systems: issues of integration and size / James A. Hanson, Patrick Honohan, Giovanni Majnoni -- PART I. MACROECONOMICS AND GLOBALIZATION -- Deposit dollarization and the financial sector / Patrick Honohan, Anquing Shi -- PART II. BANKING -- Bank efficiency and financial system size / Biagio Bossone, Jong-Kun Lee -- Are small countries "underbanked"? / James A. Hanson -- Foreign banks in low-income countries: recent developments and impacts / Stijn Claessens, Jong-Kun Lee -- PART III. SECURITIES MARKETS -- Securities market efficiency / Ajay Shah, Susan Thomas -- Value of international portfolio diversification / Joost Driessen, Luc Laeven -- PART IV. PENSION ISSUES -- Pension reform and pension service efficiencies / Thomas C. Glaessner, Salvador Valdโes-Prieto -- Promoting pension funds / Gregorio impavido, Alberto R. Musalem, Dimitri Vittas -- PART V. REGULATION -- Regulatory harmonization and the globalization of finance / Cally Jordan, Giovanni Majnoni