skip to content
International financial remoteness and macroeconomic volatility Preview this item
ClosePreview this item
Checking...

International financial remoteness and macroeconomic volatility

Author: Andrew Rose; Mark Spiegel; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2008.
Series: Working paper series (National Bureau of Economic Research), no. 14336.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This paper shows that proximity to major international financial centers seems to reduce business cycle volatility. In particular, we show that countries that are further from major locations of international financial activity systematically experience more volatile growth rates in both output and consumption, even after accounting for political institutions, trade, and other controls. Our results are relatively  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Andrew Rose; Mark Spiegel; National Bureau of Economic Research.
OCLC Number: 250714119
Notes: "September 2008."
Description: 1 online resource (23 pages) : illustrations, digital.
Series Title: Working paper series (National Bureau of Economic Research), no. 14336.
Responsibility: Andrew K. Rose, Mark M. Spiegel.

Abstract:

This paper shows that proximity to major international financial centers seems to reduce business cycle volatility. In particular, we show that countries that are further from major locations of international financial activity systematically experience more volatile growth rates in both output and consumption, even after accounting for political institutions, trade, and other controls. Our results are relatively robust in the sense that more financially remote countries are more volatile, though the results are not always statistically significant. The comparative strength of this finding is in contrast to the more ambiguous evidence found in the literature.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/250714119> # International financial remoteness and macroeconomic volatility
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
   library:oclcnum "250714119" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/112963064#Place/cambridge_mass> ; # Cambridge, Mass.
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
   schema:about <http://id.worldcat.org/fast/901962> ; # Economic geography
   schema:about <http://id.worldcat.org/fast/976945> ; # International finance
   schema:about <http://dewey.info/class/330/> ;
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/3408244> ; # Mark Spiegel
   schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
   schema:copyrightYear "2008" ;
   schema:creator <http://viaf.org/viaf/118290084> ; # Andrew Rose
   schema:datePublished "2008" ;
   schema:description "This paper shows that proximity to major international financial centers seems to reduce business cycle volatility. In particular, we show that countries that are further from major locations of international financial activity systematically experience more volatile growth rates in both output and consumption, even after accounting for political institutions, trade, and other controls. Our results are relatively robust in the sense that more financially remote countries are more volatile, though the results are not always statistically significant. The comparative strength of this finding is in contrast to the more ambiguous evidence found in the literature."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/112963064> ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/112963064#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/112963064#Series/nber_working_paper_series> ; # NBER working paper series ;
   schema:name "International financial remoteness and macroeconomic volatility"@en ;
   schema:productID "250714119" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/250714119#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2008> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/112963064#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
   schema:url <http://papers.nber.org/papers/w14336> ;
   schema:url <http://www.nber.org/papers/w14336> ;
   schema:url <http://ezproxy.eui.eu/login?url=http://papers.nber.org/papers/> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/250714119> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/112963064#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
   schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/112963064#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
   schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/112963064#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/250714119> ; # International financial remoteness and macroeconomic volatility
   schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/112963064#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/250714119> ; # International financial remoteness and macroeconomic volatility
   schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/901962> # Economic geography
    a schema:Intangible ;
   schema:name "Economic geography"@en ;
    .

<http://id.worldcat.org/fast/976945> # International finance
    a schema:Intangible ;
   schema:name "International finance"@en ;
    .

<http://viaf.org/viaf/118290084> # Andrew Rose
    a schema:Person ;
   schema:birthDate "1959" ;
   schema:familyName "Rose" ;
   schema:givenName "Andrew" ;
   schema:name "Andrew Rose" ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
   schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/3408244> # Mark Spiegel
    a schema:Person ;
   schema:familyName "Spiegel" ;
   schema:givenName "Mark" ;
   schema:name "Mark Spiegel" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.