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Financial Integration Without Financial Development
This paper shows that, in a two-country model, where the two economies differ in their level of financial market development, financial integration has sizable short- and medium-term effects, even in the absence of aggregate risks. Consistent with the Lucas paradox, the present work establishes that...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Springer US
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8165687/ https://www.ncbi.nlm.nih.gov/pubmed/34092835 http://dx.doi.org/10.1007/s11293-021-09709-2 |