Financial Integration, Entrepreneurial Risk and Global Dynamics

Financial Integration, Entrepreneurial Risk and Global Dynamics
Author: George-Marios Angeletos
Publisher: DIANE Publishing
Total Pages: 42
Release: 2011-04
Genre: Reference
ISBN: 1437980244

Download Financial Integration, Entrepreneurial Risk and Global Dynamics Book in PDF, Epub and Kindle

How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk -- a risk that introduces, not only a precautionary motive for saving, but also a wedge between the interest rate and the marginal product of capital. This friction provides a simple resolution to the empirical puzzle that capital often fails to flow from the rich or slow-growing countries to the poor or fast-growing ones, and a distinct set of policy lessons regarding the intertemporal costs and benefits of capital-account liberalization. Illus. A print on demand report.


Financial Integration, Entrepreneurial Risk and Global Dynamics
Language: en
Pages: 42
Authors: George-Marios Angeletos
Categories: Reference
Type: BOOK - Published: 2011-04 - Publisher: DIANE Publishing

GET EBOOK

How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within
Financial Integration, Entrepreneurial Risk and Global Imbalances
Language: en
Pages: 44
Authors: George-Marios Angeletos
Categories:
Type: BOOK - Published: 2014 - Publisher:

GET EBOOK

How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question within a two-co
Financial integration, entrepreneurial risk and global imbalances
Language: en
Pages: 43
Authors: George-Marios Angeletos
Categories: Economics
Type: BOOK - Published: 2011 - Publisher:

GET EBOOK

Abstract: How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? We investigate this question withi
External Adjustment
Language: en
Pages: 64
Authors: Maurice Obstfeld
Categories: Balance of trade
Type: BOOK - Published: 2004 - Publisher:

GET EBOOK

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a
Financial Integration and Global Imbalance
Language: en
Pages: 76
Authors: Yu Chen
Categories:
Type: BOOK - Published: 2010 - Publisher:

GET EBOOK