| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21817 |
| 来源ID | Working Paper 21817 |
| Financial Integration and Growth in a Risky World | |
| Nicolas Coeurdacier; Hélène Rey; Pablo Winant | |
| 发表日期 | 2015-12-21 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The debate on the benefits of financial integration is revisited in a two-country neoclassical growth model with aggregate uncertainty. Gains from more efficient capital allocation and gains from risk sharing are accounted for simultaneously|together with their interaction. Global numerical methods allow for meaningful welfare comparisons. Gains from integration are quantitatively small, even for riskier and capital scarce emerging economies. These countries import capital for efficiency reasons before exporting it for self-insurance, leading to capital ows and growth reversals along the transition. This opens the door to a richer set of empirical implications than previously considered in the literature. |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w21817 |
| 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/579491 |
| 推荐引用方式 GB/T 7714 | Nicolas Coeurdacier,Hélène Rey,Pablo Winant. Financial Integration and Growth in a Risky World. 2015. |
| 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 | ||
| w21817.pdf（866KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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