Series: IMF Working Papers
Author(s): Ayhan Kose , Eswar Prasad , and Marco Terrones
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 04 March 2003
Keywords: Macroeconomic fluctuations, trade and financial integration, output and consumption comovement, correlations, financial integration, capital flows, correlation, Open Economy Macroeconomics, International Policy Coordination and Transmission,
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 su...