Inequality and the Structure of Countries' External Liabilities /
In this paper, we present empirical evidence that higher income inequality is associated with a greater equity share in countries' external liabilities, and we develop a theoretical model that can explain this observation: In a small open economy with traded and nontraded goods, entry barriers...
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Other Authors: | , , |
Format: | Journal |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2022.
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Series: | IMF Working Papers; Working Paper ;
No. 2022/138 |
Subjects: | |
Online Access: | Full text available on IMF |