This paper investigates the relationship between international capital liberalization and exchange rate volatility … theoretically unambiguous, the effects on the volatility of exchange rate can have either sign. On one hand, the liberalization …, while the increase in the number of traders in the longer run should make the market thicker and tend to reduce volatility …

This study examines the long-run volatility between forex and stock markets and the role of financial globalization in …-run volatility between the two financial markets in the COVID-19 pandemic period. The results further established that, financial … globalization reduces forex markets' volatility effects on stock markets' volatility, whilst it heightens stock markets' volatility …