Resource title

Financial Openness and Business Cycle Volatility

Resource image

image for OpenScout resource :: Financial Openness and Business Cycle Volatility

Resource description

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that the link between business cycle volatility and financial openness has not been stable over time.

Resource author

Christian Pierdzioch, Jörg Döpke, Claudia M. Buch

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/17783

Resource license

Adapt according to the presented license agreement and reference the original author.