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(IFS) (a database developed by the International Monetary Fund), and World Development Indicators (WDI) (a database … developed by the World Bank). We applied Generalized Autoregressive Conditional Heteroscedasticity (GARCH) (1,1) and threshold … negatively in OBOR-related countries, which correlates with the economic theory arguing that exchange rate volatility may hurt …
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question whether the world has become smaller in terms of economic distance. Instead of focussing on the transmission of single … results for the most recent period suggest that a uniform shock to output volatility in the world economy roughly …
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