Quantcast
Channel: Alextv.net feed from voxeu.org
Viewing all articles
Browse latest Browse all 71

International business cycle synchronisation: The role of financial linkages

0
0
It is well known that financial integration has increased dramatically over the past few decades. This column asks whether this rise has led to greater or less business cycle synchronisation. The answer depends crucially on the source of the shock. In response to common shocks, financial integration tends to lower business cycle synchronisation. In response to a country-specific shock, however, business cycles are more synchronised between countries that are more financially integrated.

Viewing all articles
Browse latest Browse all 71

Latest Images

Trending Articles





Latest Images