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 …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

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 …

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 …

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

highly correlated with U.S. stocks. As world economies become increasingly interrelated, it may become more difficult for …