Has Globalization Really Increased Business Cycle Synchronization is popular PDF and ePub book, written by Eric Monnet in 2016-03-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Has Globalization Really Increased Business Cycle Synchronization can be Read Online from any device for your convenience.
Has Globalization Really Increased Business Cycle Synchronization Book PDF Summary
This paper assesses the strength of business cycle synchronization between 1950 and 2014 in a sample of 21 countries using a new quarterly dataset based on IMF archival data. Contrary to the common wisdom, we find that the globalization period is not associated with more output synchronization at the global level. The world business cycle was as strong during Bretton Woods (1950-1971) than during the Globalization period (1984-2006). Although globalization did not affect the average level of co-movement, trade and financial integration strongly affect the way countries co-move with the rest of the world. We find that financial integration de-synchronizes national outputs from the world cycle, although the magnitude of this effect depends crucially on the type of shocks hitting the world economy. This de-synchronizing effect has offset the synchronizing impact of other forces, such as increased trade integration.
Detail Book of Has Globalization Really Increased Business Cycle Synchronization PDF
- Author : Eric Monnet
- Release : 08 March 2016
- Publisher : International Monetary Fund
- ISBN : 9781513566436
- Genre : Business & Economics
- Total Page : 55 pages
- Language : English
- PDF File Size : 21,5 Mb
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