Financial Integration and Economic Synchronisation (Theoretical Analysis)

Authors

  • Iliya Kutsarov, PhD Student Department of Economics, Faculty of General Economics, UNWE Author

Keywords:

Financial integration, Business cycles synchronization, Business cycles divergence
E62, E63

Abstract

This study examines various mechanisms for the linkage between financial integration and business cycle synchronization. The present study advocates that changes in capital demand lead to divergence while shocks in the integrated financial system cause synchronization. Based on this differentiation the study derives indicators that determine the tendency for synchronization or divergence.

References

EG Mendoza, ME Terrones (2012). An anatomy of credit booms and their demise. URL: https://www.nber.org/papers/w18379

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Published

2020-03-06

Issue

No. 5 (2019)

Section

Articles

License

Copyright (c) 2019 Iliya Kutsarov (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Kutsarov, I. (2020). Financial Integration and Economic Synchronisation (Theoretical Analysis). Research Papers, 5, 339-349. https://bjiep.e-dnrs.org/index.php/rp/article/view/5432