International Capital Flows in the Model 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 empirical patterns of international capital flows between developed and developing countries in the past two decades. This paper integrates these two frictions...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1554 https://doi.org/10.1007/s11079-013-9303-7 |
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| Institution: | Singapore Management University |
| Language: | English |