| 000 | 02893nam a22004694a 4500 | ||
|---|---|---|---|
| 001 | WPIEA2005019 | ||
| 003 | IMF | ||
| 005 | 20190408085839.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s2005 dcu o i00 0 eng d | ||
| 020 |
_a1451860382 : _c15.00 USD |
||
| 020 | _z9781451860382 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781451860382.001 _2doi |
|
| 035 | _a(IMF)WPIEA2005019 | ||
| 040 |
_aDcWaIMF _beng |
||
| 100 | 1 | _aPrasad, Eswar. | |
| 245 | 1 | 0 |
_aHow Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility? _h[electronic resource] / _cEswar Prasad. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c2005. |
||
| 300 | _a1 online resource (38 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 05/19 |
|
| 520 | 3 | _aThe influential work of Ramey and Ramey (1995) highlighted an empirical relationship that has now come to be regarded as conventional wisdom-that output volatility and growth are negatively correlated. We reexamine this relationship in the context of globalization-a term typically used to describe the phenomenon of growing international trade and financial integration that has intensified since the mid-1980s. Using a comprehensive new data set, we document that, while the basic negative association between growth and volatility has been preserved during the 1990s, both trade and financial integration significantly weaken this negative relationship. Specifically, we find that, in a regression of growth on volatility and other controls, the estimated coefficient on the interaction between volatility and trade integration is significantly positive. We find a similar, although less significant, result for the interaction of financial integration with volatility. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aFinancial Aspects of Economic Integration _2imf |
|
| 650 | 7 |
_aFinancial Integration _2imf |
|
| 650 | 7 |
_aInternational Trade and Financial Linkages _2imf |
|
| 650 | 7 |
_aMacroeconomic Volatility and Growth _2imf |
|
| 650 | 7 |
_aOpen Economy Macroeconomics _2imf |
|
| 650 | 7 |
_aTrade Integration _2imf |
|
| 651 | 7 |
_aBurkina Faso _2imf |
|
| 651 | 7 |
_aCameroon _2imf |
|
| 651 | 7 |
_aDominican Republic _2imf |
|
| 651 | 7 |
_aIran, Islamic Republic of _2imf |
|
| 651 | 7 |
_aMexico _2imf |
|
| 700 | 1 | _aKose, Ayhan. | |
| 700 | 1 | _aPrasad, Eswar. | |
| 700 | 1 | _aTerrones, Marco. | |
| 776 | 0 | 8 |
_iPrint Version: _aPrasad, Eswar. _tHow Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility? _dWashington, D.C. : International Monetary Fund, 2005. _z9781451860382 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 05/19 |
|
| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/03137-9781451860382/03137-9781451860382/03137-9781451860382.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451860382 _zIMF Book Store |
| 999 |
_c167752 _d167752 |
||