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This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....
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This paper treats the question to what extent globalization trends restrict a countryspecific regulation policy in …: financial market, product markets, labour markets and trade. After a short discussion of the link between globalization and … executed. The evidence shows that globalization in the narrow sense of trade openness and capital mobility has a rather limited …
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Comparing domestic- and foreign-owned firms in Germany, this paper finds that foreign-owned firms are more likely to … foreign countries; rather, results point in the direction of more general features of corporate globalization. …
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