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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/17783
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| Title: | | Financial Openness and Business Cycle Volatility  |
| Authors: | | Pierdzioch, Christian Döpke, Jörg Buch, Claudia M. |
| Issue Date: | | 2002 |
| Series/Report no.: | | Kieler Arbeitspapiere 1121 |
| Abstract: | | 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. |
| Subjects: | | Open Economy Macroeconomics Monetary union Business cycles Financial markets |
| JEL: | | F36 F33 F41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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| kap1121.pdf | | 461.52 kB | Adobe PDF |
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