01796cas a2200265 a 4500 AALejournalIMF008541 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875874 1018-5941 BD-DhAAL BD-DhAAL Kose, Ayhan. Volatility and Comovement in a Globalized World Economy : An Empirical Exploration / Ayhan Kose, Marco Terrones, Eswar Prasad. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of business cycle fluctuations and a slight increase in the degree of cyclical comovement among industrialized countries over time. However, for emerging market economies, financial globalization appears to have been associated, on average, with an increase in macroeconomic volatility as well as declines in the degree of comovement of output and consumption growth with their corresponding world aggregates. Mode of access: Internet Prasad, Eswar. Terrones, Marco. IMF Working Papers; Working Paper ; No. 2003/246 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/246/001.2003.issue-246-en.xml IMF e-Library