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The two-sided effect of financial globalization on output volatility
Meller, Barbara - 2011
This paper provides evidence for a significant relation between international financial markets' integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country's financial risk. Financial risk indicates a country's ability...
Persistent link: https://www.econbiz.de/10010304689
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Macroeconomic Differentials and Adjustment in the Euro Area
Siedschlag, Iulia - 2008
There has recently been increased research and policy interest in the divergent macroeconomic performance in the European Economic and Monetary Union (EMU). Understanding the underlying factors of macroeconomic differentials, the source and transmission of shocks and the adjustment process in...
Persistent link: https://www.econbiz.de/10011689934
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Finland's experiences and challenges in the euro zone
Kotilainen, Markku - 2006
In this paper we study Finland’s way to the Economic and Monetary Union (EMU) and her economic development as a member of the EMU. First, we describe the economic background of the membership and the arguments presented in research and discussion for and against it. Then we describe...
Persistent link: https://www.econbiz.de/10010285079
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The two-sided effect of financial globalization on output volatility
Meller, Barbara - 2011
This paper provides evidence for a significant relation between international financial markets’ integration and output volatility. In the framework of a threshold model, it is shown empirically that this relation depends on country’s financial risk. Financial risk indicates a country’s...
Persistent link: https://www.econbiz.de/10009006765
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Output volatility, economic growth, and cross-country spillovers : new evidence for the G7 Countries
Antonakakis, Nikolaos; Badinger, Harald - 2012
This paper considers the linkages between output growth and output volatility for the sample of G7 countries over the period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR-based spillover index approach by Diebold and Yilmaz (2012),...
Persistent link: https://www.econbiz.de/10011374341
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International Spillovers of Output Growth and Output Growth Volatility : Evidence from the G7
Antonakakis, Nikolaos; Badinger, Harald - 2010
This paper examines the transmission of GDP growth and GDP growth volatility among the G7 countries over the period 1960 q1 - 2009 q3, using a multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) model to identify the source and magnitude of spillovers. Results...
Persistent link: https://www.econbiz.de/10011374385
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Output volatility, economic growth, and cross-country spillovers : new evidence for the G7 countries
Antonakakis, Nikolaos; Badinger, Harald - 2012
Persistent link: https://www.econbiz.de/10009622257
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Can the Great Moderation Explain the Lower Output Volatility across the World?
Coric, Bruno - 2011
In this paper we assess the hypothesis that the unprecedented stability of the United States economy, in the decades preceding the outbreak of the financial crisis in August 2007, caused a relatively low output volatility in other national economies. The results of the time series analysis of 97...
Persistent link: https://www.econbiz.de/10013133375
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Are Chinese Trade Flows Different?
Cheung, Yin-Wong - 2012
We find that Chinese trade flows respond to economic activity and relative prices -- as represented by a trade weighted exchange rate -- but the relationships are not always precisely or robustly estimated. Chinese exports are generally well-behaved, rising with foreign GDP and decreasing as the...
Persistent link: https://www.econbiz.de/10013106099
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The Global Financial Crisis : An Anatomy of Global Growth
Matheson, Troy - 2013
document growth synchronization across a diverse group of 185 countries covering 7 regions, and pay particular attention to the … contributions from global, regional, and idiosyncratic shocks. We find a high degree of global synchronization over 1990 to 2011 … recursive experiment, we find rising global growth synchronization just prior to the crisis, largely resulting from a shift in …
Persistent link: https://www.econbiz.de/10013082486