Fujiki, Hiroshi; Terada-Hagiwara, Akiko - Federal Reserve Bank of San Francisco - 2007
This paper examines the degree of integration into world financial markets and the impacts on several key macroeconomic … into world financial markets in those economies are increasing. Regarding the impacts of increasing integration into world … financial markets on several macroeconomic variables, we find three results. First, casual two-way plots among macroeconomic …