We propose a dynamic factor model with time-varying parameters and stochastic volatility to analyze the relationship … country-specific capital flow volatility and that the impact of these variables has become even more important since the 2008 …

This study is an endeavor to empirically examine the long run impact of financial globalization on output volatility in … for estimation purpose. The results of the study reveal that in overall Asia and Central Asia, financial globalization has … emerged as a significant and positive long run determinant of output volatility, whereas insignificance of financial …