How Does Globalization Affect the Synchronization of Business Cycles?

How Does Globalization Affect the Synchronization of Business Cycles?
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 READ MORE...

Publication date: March 2003
ISBN 9781451844542
$15.00

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