We investigate the relationship between financial integration and output volatility at micro and macro levels. Using a … of foreign ownership on the volatility of firms' outcomes in static as well as dynamic empirical frameworks. This effect … and aggregate fluctuations. To identify the causal effect of financial integration on volatility we exploit variation in …

investment and a relationship between trade and exchange rate volatility that depend on the sign of bilateral trade balances …

The purpose of this paper is to analyze the role of exchange rate volatility in explaining the evolution of FDI inflows … major macroeconomic determinants of FDI, the results of the paper suggest that the effect of exchange rate volatility on FDI … crucially depends on a country's degree of openness. In fact, while exchange rate volatility has positive or null effect for …