We analyse whether financial integration between countries leads to converging or diverging business cycles using a dynamic spatial model. Our model allows for

We analyze whether financial integration between countries leads to converging or diverging business cycles using a dynamic spatial model. Our model allows for

This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and develo

We analyze empirically whether trade and financial linkages between two countries increase the synchronization of their business cycles directly or indirectly.