Financial integration, entrepreneurial risk and global dynamics

DOI10.1016/J.JET.2011.02.001MaRDI QIDQ548238zbMATH OpenOpenAlexFDO

Authors George-Marios Angeletos, Vasia Panousi

Publication date 28 June 2011

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/1721.1/101257

zbMATH Keywords

capital-account liberalizationcurrent-account deficitsentrepreneurshipfinancial integrationglobal imbalancesidiosyncratic riskincomplete markets

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Financial applications of other theories (91G80)

Recommendations

• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations
• Rethinking the effects of financial globalization
• A pedagogical note on risk sharing versus instability in international financial integration: when Obstfeld meets Stiglitz
• International financial integration and total factor productivity losses from underdeveloped domestic financial markets
• International investment in a model of stochastic growth and development traps

Cites work

• Capital market imperfections, international credit markets, and nonconvergence
• Endogenous market incompleteness with investment risks
• scientific article; zbMATH DE number 5178097 (Why is no real title available?)
• The Elusive Gains from International Financial Integration
• Uninsured idiosyncratic production risk with borrowing constraints

Cited in

(15)

• A pedagogical note on risk sharing versus instability in international financial integration: when Obstfeld meets Stiglitz
• Volatile capital flows and financial integration: the role of moral hazard
• On the gains from international financial integration
• International financial integration and total factor productivity losses from underdeveloped domestic financial markets
• Financial integration, credit market imperfections and consumption smoothing
• Information and inequality
• International capital flows in the model with limited commitment and incomplete markets
• Financial integration, savings gluts, and asset price booms
• Incomplete market dynamics and cross-sectional distributions
• Financial liberalization: poverty trap or chaos
• Rethinking the effects of financial globalization
• Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations
• Introduction to incompleteness and uncertainty in economics
• Capital income jumps and wealth distribution
• International investment in a model of stochastic growth and development traps

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