| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7736 |
| 来源ID | Working Paper 7736 |
| Do Debt Flows Crowd Out Equity Flows Or the Other Way Round? | |
| Assaf Razin; Efraim Sadka; Chi-Wa Yuen | |
| 发表日期 | 2000-06-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in a small open economy is crucial for the composition of international capital inflows as well as for the efficiency of channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed by the firms at their financing stage for whether inflows of foreign debt may crowd out foreign equity or the other way round. The scope for corrective tax policies is examined. We also provide a welfare comparison between the two mechanisms of capital flows. |
| 主题 | Microeconomics ; Economics of Information ; International Economics ; International Factor Mobility |
| URL | https://www.nber.org/papers/w7736 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565308 |
| 推荐引用方式 GB/T 7714 | Assaf Razin,Efraim Sadka,Chi-Wa Yuen. Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7736.pdf（239KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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