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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Библиографические подробности
Главный автор: Terrones, Marco
Другие авторы: Kose, Ayhan, Prasad, Eswar
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2003.
Серии:IMF Working Papers; Working Paper ; No. 2003/050
Online-ссылка:Full text available on IMF