-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 …

results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the … volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced … economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of …

its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of … industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility …

, and volatility in the remittance-sending country …

an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness …

as conventional wisdom-that output volatility and growth are negatively correlated. We reexamine this relationship in the … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration … significantly weaken this negative relationship. Specifically, we find that, in a regression of growth on volatility and other …