International Capital Flows and World Output Gains

International Capital Flows and World Output Gains

We develop a two-country overlapping-generations model with domestic financial frictions and show that cross-country differences in financial development explain three recent patterns of international capital flows. In our model, domestic financial frictions distort the interest rates and production...

Full description

Saved in:
Bibliographic Details
Main Authors: von Hagen, Jurgen, ZHANG, Haiping
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
Subjects:
Capital account liberalization
financial frictions
financial development
foreign direct investment
world output gains
International Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1143
https://ink.library.smu.edu.sg/context/soe_research/article/2142/viewcontent/Zhang_ICF.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1143
https://ink.library.smu.edu.sg/context/soe_research/article/2142/viewcontent/Zhang_ICF.pdf

Similar Items