This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment … fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of …. However, for emerging market economies, financial globalization appears to have been associated, on average, with an increase …

This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment … fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of …. However, for emerging market economies, financial globalization appears to have been associated, on average, with an increase …

interaction of financial integration with volatility. -- globalization ; international trade and financial linkages … as conventional wisdom that output volatility and growth are negatively correlated. We reexamine this relationship in the … context of globalization a term typically used to describe the phenomenon of growing international trade and financial …

as conventional wisdom - that output volatility and growth are negatively correlated. We reexamine this relationship in … the context of globalization - a term typically used to describe the phenomenon of growing international trade and … basic negative association between growth and volatility has been preserved during the 1990s, both trade and financial …

as conventional wisdom-that output volatility and growth are negatively correlated. We reexamine this relationship in the … context of globalization-a term typically used to describe the phenomenon of growing international trade and financial … negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration …