Financial Integration and Macroeconomic Volatility /

This paper examines the impact of international financial integration on macroeconomic volatility in a large group of industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output growth has, on average, declined in the 1990s relative...

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Bibliographic Details
Main Author: Terrones, Marco
Other Authors: Kose, Ayhan, Prasad, Eswar
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2003.
Series:IMF Working Papers; Working Paper ; No. 2003/050
Online Access:Full text available on IMF

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