Financial Development and the Patterns of International Capital Flows

Financial Development and the Patterns of International Capital Flows

We develop a tractable, two-country, overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries while foreign dire...

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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 development
financial frictions
foreign direct investment
symmetry breaking
International Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1172
https://ink.library.smu.edu.sg/context/soe_research/article/2171/viewcontent/Zhang_FD.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1172
https://ink.library.smu.edu.sg/context/soe_research/article/2171/viewcontent/Zhang_FD.pdf

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