Financial Development, International Capital Flows, and Aggregate Output

Financial Development, International Capital Flows, and Aggregate Output

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 direc...

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Bibliographic Details
Main Authors: von Hagen, Jürgen, ZHANG, Haiping
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
Subjects:
Capital account liberalization
financial development
foreign direct investment
symmetry breaking
Finance
International Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1488
https://ink.library.smu.edu.sg/context/soe_research/article/2487/viewcontent/seminar20121101.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1488
https://ink.library.smu.edu.sg/context/soe_research/article/2487/viewcontent/seminar20121101.pdf

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