volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk … risk, financial openness decreases output volatility, while, in countries with high financial risk, financial openness … increases output volatility. Extensive robustness checks confirm this result. -- Output volatility ; financial openness …

and capital flow volatility is the factor that creates a climate conducive to the emergence of the crisis in the USA and … led to its spread to the rest of the world. On the theoretical side, we show that capital flows to the United States in … financial integration can lead to financial crises by increasing the volatility of capital flows. …

volatility could translate into a fall in world economic growth of around 0:29 percentage points, but it could also have negative …China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already … repercussions, with world growth reducing by 0:23 percentage points in the short-run; and (ii) a surge in global financial market …

volatility could translate into a fall in world economic growth of around 0.29 percentage points, but it could also have negative …China's GDP growth slowdown and a surge in global financial market volatility could both adversely affect an already … repercussions, with world growth reducing by 0.23 percentage points in the short-run; and (ii) a surge in global financial market …