measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … globalization reduces market volatility (measured by the volatility of stock returns) in tranquil times, and increases it in … turbulent ones. On average, the first effect dominates, so that financial globalization leads to a decrease in market volatility …

surveys, 99 percent of the variance in the observed changes in PPPs is explicable. Using a nested test, the World Bank …

Sustainable Development Goals and the World Bank?s twin goals, the new poverty line was chosen so as to preserve the definition … the global count, we find 12.7 percent of the world?s population, or 897 million people, are living in extreme poverty …

previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world. This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …