The Elusive Gains from International Financial Integration /
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2004.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2004/074 |
| On-line přístup: | Full text available on IMF |