year window before risk-off shocks experienced relatively lower external finance premia and exchange rate volatility during …-off shocks on countries’ funding costs and exchange rate volatility, preemptive policies enable countries’ continued access to …

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 …

Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in … period 1970Q1-2016Q1, we construct three measures of volatility, for total capital flows and key instruments. Second, we … perform panel regressions to understand the determinants of volatility. The measures show that the volatility of all …

theoretical and empirical evidence to show that differences in underlying macroeconomic volatility are key. While volatility … higher default risk that volatility engenders …

Holding foreign assets reduces the volatility of a country's income by allowing countries to share risk. Yet, financial …

positive) correlation between exchange rate volatility and the level of investment …