Financial Globalization and Market Volatility : An Empirical Appraisal

Financial Globalization and Market Volatility : An Empirical Appraisal

This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward adjus...

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Bibliographic Details
Main Authors: Cordella, Tito, Ospino Rojas, Anderson
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
GLOBALIZATION
STOCK MARKET VOLATILITY
EMERGING MARKETS
FRONTIER MARKETS
Online Access:http://documents.worldbank.org/curated/en/720931496861776485/Financial-globalization-and-market-volatility-an-empirical-appraisal
http://hdl.handle.net/10986/27291

Internet

http://documents.worldbank.org/curated/en/720931496861776485/Financial-globalization-and-market-volatility-an-empirical-appraisal
http://hdl.handle.net/10986/27291

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