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Is globalization today really different than globalization a hundred years ago?

Bordo, Michael D.; Eichengreen, Barry; Irwin, Douglas A. - 1999

for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

Persistent link: https://www.econbiz.de/10001392028

Business cycle volatility and globalization : a survey

Buch, Claudia M. - 2002

The globalization of capital and product markets has many implications for economic welfare. Countries can specialize …, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …

Persistent link: https://www.econbiz.de/10011474806

Business cycle volatility and globalization : a survey

Buch, Claudia M. - 2002

Persistent link: https://www.econbiz.de/10001680906

Financial openness and business cycle volatility

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....

Persistent link: https://www.econbiz.de/10011475038