between financial openness and economic growth is weak at best. While there is some evidence that financial liberalisation …This paper investigates the link between international financial integration and economic growth. In particular, we ask … the following questions. What are the theoretical links between financial integration and growth? Is there any empirical …

volatility of output growth and inflation, although the magnitudes of these effects depend on the policy framework and the …This paper explores the effect of terms of trade volatility on macroeconomic volatility using a panel of 71 countries … from 1971–2005. It finds that terms of trade volatility has a statistically significant and positive impact on the …

rise in the volatility of individual components in the capital account, this variability is largely offsetting. Such …

This paper develops an empirical model of the cross-country variation in bilateral output growth correlations for 17 … empirical results to help to explain the strong correlation observed between Australian and US output growth, we conclude that … characteristics and institutions that explains much of the observed correlation between Australian and US output growth. …

transitory leads to more macroeconomic volatility than would be the case if agents had perfect information about the persistence …