variability. We show that financial liberalization is mostly associated with lower consumption growth volatility. Our results are … volatility after equity market openings. The results hold for both total and idiosyncratic consumption growth volatility. We also … find that financial liberalizations are associated with declines in the ratio of consumption growth volatility to GDP …

variability. We show that financial liberalization is mostly associated with lower consumption growth volatility. Our results are … volatility after equity market openings. The results hold for both total and idiosyncratic consumption growth volatility. We also … find that financial liberalizations are associated with declines in the ratio of consumption growth volatility to GDP …

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 …

Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this paper …, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial … openness, we find some evidence that greater financial openness has been associated with lower consumption volatility. However …