Financial integration, information and communication technology, and macroeconomic volatility: Evidence from ten Asian economies
Publication in refereed journal


香港中文大学研究人员 ( 现职)

高君慧博士 (经济学系)

全文

数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.ribaf.2007.01.001

引用次数
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/3Scopus source URL

其它资讯

摘要This paper aims to examine the impact of financial integration and information and communication technology (ICT) development on output volatility. It applies a two-country dynamic general equilibrium model, in which ICT is assumed to increase the volume and speed of capital flows. This model predicts that economies with a high ICT development or/and a high degree of financial integration exhibit greater output fluctuations in the face of monetary policy shocks, but lower output fluctuations in the face of fiscal policy shocks. The empirical findings estimated by using the panel vector autoregression approach and impulse response analysis support these predictions. ? 2007 Elsevier B.V. All rights reserved.

着者Ko K.W.
期刊名称Research in International Business and Finance
出版年份2008
月份6
日期1
卷号22
期次2
出版社JAI Press
出版地United States
页次124 - 144
国际标準期刊号0275-5http://aims.cuhk.edu.hk/converis/portal/Publication/319
语言英式英语

关键词Asian economies, Financial integration, Information and communication technology, New open economy macroeconomics, Output volatility