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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17762| Title: | Business Cycle Volatility and Globalization: A Survey |
| Keywords: | E32 F41 G15 ddc:330 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 |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17762 |
| Other Identifiers: | http://hdl.handle.net/10419/17762 ppn:350933960 |
| Appears in Collections: | EconStor |
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