Arbeitspapier
Financial Openness and Business Cycle Volatility
This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that the link between business cycle volatility and financial openness has not been stable over time.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1121
- Klassifikation
-
Wirtschaft
Financial Aspects of Economic Integration
International Monetary Arrangements and Institutions
Open Economy Macroeconomics
- Thema
-
Open Economy Macroeconomics
Monetary union
Business cycles
Financial markets
Konjunktur
Volatilität
Globalisierung
Internationale Kapitalmobilität
Internationaler Finanzmarkt
Offene Volkswirtschaft
Makroökonomik
Allgemeines Gleichgewicht
Neue Makroökonomik offener Volkswirtschaften
Schätzung
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pierdzioch, Christian
Döpke, Jörg
Buch, Claudia M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pierdzioch, Christian
- Döpke, Jörg
- Buch, Claudia M.
- Kiel Institute for World Economics (IfW)
Entstanden
- 2002
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