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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Bibliografische gegevens
Hoofdauteur: Harms, Philipp
Andere auteurs: Hoffmann, Mathias, Kohl, Miriam, Krahnke, Tobias
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2022.
Reeks:IMF Working Papers; Working Paper ; No. 2022/138
Onderwerpen:
Online toegang:Full text available on IMF