Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2010
We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...