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| Author: | Ayhan Kose, M. Prasad, E.S. Terrones, M.E. |
| Title: | Financial integration and macroeconomic volatility |
| Journal: | IMF Staff papers
2003 : VOL. 50: Special issue, p. 119-142 |
| Index terms: | Economic integration International economics Macroeconomics Volatility |
| Language: | eng |
| Abstract: | The impact of international financial integration on macroeconomic volatility is examined in this paper. Economic theory does not provide a clear guide to the effects of financial integration on volatility, implying that this is essentially an empirical question. A comprehensive examination of changes in macroeconomic volatility is provided in a large group of industrial and developing economies over the period 1960-99. |
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