Saif Al-Abri, Almukhtar - In: Journal of International Financial Markets, … 33 (2014) C, pp. 335-353
This paper presents empirical evidence suggesting that the volatility, trend-growth, and shock-duration of terms-of-trade (TOT) are important drivers of the degree and composition of international financial integration (IFI). Our results are based on a panel of 55 primary-commodity exporting...