Volatility and Comovement in a Globalized World Economy : An Empirical Exploration /

This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of business cycle fluctuations and a slight increase in the de...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Kose, Ayhan
अन्य लेखक: Prasad, Eswar, Terrones, Marco
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2003.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2003/246
ऑनलाइन पहुंच:Full text available on IMF
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245 1 0 |a Volatility and Comovement in a Globalized World Economy :   |b An Empirical Exploration /  |c Ayhan Kose, Marco Terrones, Eswar Prasad. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2003. 
300 |a 1 online resource (38 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of business cycle fluctuations and a slight increase in the degree of cyclical comovement among industrialized countries over time. However, for emerging market economies, financial globalization appears to have been associated, on average, with an increase in macroeconomic volatility as well as declines in the degree of comovement of output and consumption growth with their corresponding world aggregates. 
538 |a Mode of access: Internet 
700 1 |a Prasad, Eswar. 
700 1 |a Terrones, Marco. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/246 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/246/001.2003.issue-246-en.xml  |z IMF e-Library