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The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based tests such as the Euler equation test are commonly used. These tests, however, are derived under restrictive assumptions on consumer behavior. In this paper, we ask...
Persistent link: https://www.econbiz.de/10011475881
and the volatility of the main capital flows ? foreign direct investment (FDI), portfolio investment, and foreign bank … provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover …
Persistent link: https://www.econbiz.de/10001712136
, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …
Persistent link: https://www.econbiz.de/10011474806
, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …
Persistent link: https://www.econbiz.de/10001680906
Persistent link: https://www.econbiz.de/10001541440
Persistent link: https://www.econbiz.de/10003368465
effect of macroeconomic volatility, the openness of the banking system, and banking regulations on bank risks. Our measure of … bank risk is the volatility of banks’ pretax profits. We find that macroeconomic volatility increases banks’ profit … volatility and that international openness of the banking system lowers bank risk. We find no impact of banking regulation on …
Persistent link: https://www.econbiz.de/10003480917
Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of … capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which … builds distribution risk into a real business cycle model, hypotheses on the determinants of the relative volatility of …
Persistent link: https://www.econbiz.de/10013316443
Persistent link: https://www.econbiz.de/10001380572
Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and … structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the …
Persistent link: https://www.econbiz.de/10010260526