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Tekijä: | Ayhan Kose, M. Prasad, E.S. Terrones, M.E. |
Otsikko: | Financial integration and macroeconomic volatility |
Lehti: | IMF Staff papers
2003 : VOL. 50: Special issue, p. 119-142 |
Asiasana: | Economic integration International economics Macroeconomics Volatility |
Kieli: | eng |
Tiivistelmä: | 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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