Financial integration and growth in a risky world
نویسندگان
چکیده
منابع مشابه
Financial Integration and Growth in a Risky World
We revisit the debate on the benefits of financial integration by providing a unified framework able to account for gains from capital accumulation and risk sharing. We consider a two-country neoclassical growth model with aggregate uncertainty. We allow for country asymmetries in terms of volatility, capital scarcity and size. In our general equilibrium model, financial integration has an effe...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2020
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2019.01.022