efficiency improvements are policy-induced in certain regions of the world. We are especially interested in feedback mechanisms …

volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much …

across countries with lower average stock market volatility, crises are more frequent in countries with poor creditor …

We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a … panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a … result, we show that increased commodity price volatility leads to a statistically significant and quantitatively large …

show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two … economically significant effect on firm-level volatility, although an increase in the intensity of sales through foreign affiliates … has a stronger effect on volatility than a similar change in firms' export intensity. We also uncover evidence consistent …

suggests that a global bimetallic system, in which the gold price of silver uctuates, has higher price volatility than a global …