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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Bibliographic Details
Main Author: Harms, Philipp
Other Authors: Hoffmann, Mathias, Kohl, Miriam, Krahnke, Tobias
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/138
Subjects:
Online Access:Full text available on IMF