, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

effect of macroeconomic volatility, the openness of the banking system, and banking regulations on bank risks. Our measure of … bank risk is the volatility of banks’ pretax profits. We find that macroeconomic volatility increases banks’ profit … volatility and that international openness of the banking system lowers bank risk. We find no impact of banking regulation on …