-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased … volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades …

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure … relationship between clarity and market volatility prior to and during the early stage of the global financial crisis. As the …

Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption … that reducing consumption volatility would have on aggregate poverty. We then discuss coverage of consumption insurance … important source of consumption risk as two thirds of households are involved in some level of agricultural production. For …

This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of …

, improved policy coordination, and reduced risk of conflicts can ease growth volatility. Empirical estimations suggest the …This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 … benefits outweigh the costs as RTAs are consistently associated with lower growth volatility, after controlling for trade …

emerging markets, which reduces the volatility of their total net inflows despite higher volatility of the components. Capital …

, institutional, political and social underpinnings to uncover the “missing” determinants of exchange rate volatility over time and … volatility, especially in emerging market economies. After controlling for standard macroeconomic factors, we find that the “soft … exchange rate volatility across countries …

This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging … introduced in the regressions to account for other factors affecting exchange rate volatility (monetary and external indicators … exchange rate regime, since the regime can affect both the level of reserves and exchange rate volatility. The results provide …

This paper examines the impact of international financial integration on macroeconomic volatility in a large group of … industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output … volatility of consumption growth relative to that of income growth has increased for more financially integrated developing …