Kalemli-Ozcan, Sebnem; Sørensen, Bent; Volosovych, Vadym - National Bureau of Economic Research <Cambridge, Mass.> - 2010
We investigate the relationship between financial integration and output volatility at micro and macrolevels. Using a … very large firm-level dataset from EU countries over time, we construct a measureof "deep" financial integration at the … higher levelsof financial integration and volatility.... …