Financial Integration and International Dynamics: The Role of Volatility Shocks
This study investigates the impact of financial integration on international dynamics from the perspective of volatility shocks. By incorporating time-varying volatilities, recursive preferences, and a global bank into the IRBC model, it illustrates that volatility shocks trigger precautionary savin...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-11-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/11/23/4742 |