The US economy is often referred to as the “banker to the world,” due to its unique role in supplying global reserve …

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining "rest of the world" flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

period is not associated with more output synchronization at the global level. The world business cycle was as strong during … level of co-movement, trade and financial integration strongly affect the way countries co-move with the rest of the world …. We find that financial integration de-synchronizes national outputs from the world cycle, although the magnitude of this …

-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study …