Эксоцман
на главную поиск contacts

How Does Globalization Affect the Synchronization of Business Cycles?

Опубликовано на портале: 22-12-2003
IMF Working Paper Series. 2003.  No. 03/27 .
Организация: International Monetary Fund (International Monetary Fund)
This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and financial integration enhance global spillovers of macroeconomic fluctuations is stronger for industrial countries. One striking result is that, on average, cross-country consumption correlations have not increased in the 1990s, precisely when financial integration would have been expected to result in better risk-sharing opportunities, especially for developing countries.

Ссылки
текст статьи в формате pdf на сайте Международного валютного фонда (IMF):
http://www.imf.org/external/pubs/ft/wp/2003/wp0327.pdf
BiBTeX
RIS
Ключевые слова

См. также:
Андрей Андреевич Гриценко, Владимир Валентинович Липов
Journal of Institutional Studies (Журнал институциональных исследований). 2020.  Т. 12. № 2. С. 132-148. 
[Статья]
Carsten Fink, Aaditya Mattoo, Ileana Cristina Neagu
World Bank Policy Research Working Papers. 2002.  No. 2929.
[Статья]
James Anderson, Eric van Wincoop
NBER Working Paper Series. 2001.  w8515.
[Статья]
Алексей Юрьевич Архипов, Е.М. Мартишин, Е.В. Фомичева
TERRA ECONOMICUS. 2008.  Т. 6. № 3. С. 150-168. 
[Статья]