International Capital Flows with Limited Commitment and Incomplete Markets
Recent literature has proposed two alternative types of financial frictions, i.e., limited commitment and incomplete markets, to explain the patterns of international capital flows between developed and developing countries observed in the past two decades. This paper integrates both types of fricti...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2011
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1320 https://ink.library.smu.edu.sg/context/soe_research/article/2319/viewcontent/ICF_TF.pdf |
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| Institution: | Singapore Management University |
| Language: | English |