Financial Integration, Growth, and Volatility /
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and (iii) re...
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Materialtyp: | Tidskrift |
Språk: | English |
Publicerad: |
Washington, D.C. :
International Monetary Fund,
2005.
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Serie: | IMF Working Papers; Working Paper ;
No. 2005/067 |
Länkar: | Full text available on IMF |