. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …

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 …

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 …

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 …