Arbeitspapier
Business Cycle Volatility and Globalization: A Survey
The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid and badly co-ordinated capital account liberalization has been blamed for enhancing the vulnerability of emerging markets to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been on a decline in the past decades.
- Sprache
-
Englisch
- Erschienen in
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Series: Kiel Working Paper ; No. 1107
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Open Economy Macroeconomics
International Financial Markets
- Thema
-
business cycle volatility
financial openness
new open economy macro models
Konjunktur
Volatilität
Konjunkturzusammenhang
Globalisierung
Internationale Kapitalmobilität
Internationaler Finanzmarkt
Offene Volkswirtschaft
Makroökonomik
Allgemeines Gleichgewicht
Neue Makroökonomik offener Volkswirtschaften
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Kiel Institute of World Economics (IfW)
Entstanden
- 2002