Since 2014
The impact of financial market imperfections on trade and capital flows
EconoQuantum
View Archive Info| Field | Value | |
| Title |
The impact of financial market imperfections on trade and capital flows
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| Creator |
Bougheas, Spiros
Falvey, Rod |
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| Description |
We introduce financial frictions in a two sector model of international trade with heterogeneous agents. The level of specialization in the economy (economic development) depends on the quality of financial institutions. Underdeveloped financial markets prohibit an economy to specialize in sectors where finance is important. Capital flows and international trade are complements when countries differ in the degree of development of their financial sectors. Capital flows to countries with more robust financial institutions which in turn allow their economies to develop sectors that are financially dependent.
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| Publisher |
Universidad de Guadalajara
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| Contributor |
—
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| Date |
2010-03-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.revistascientificas.udg.mx/index.php/EQ/article/view/102
10.18381/eq.v6i1.102 |
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| Source |
EconoQuantum; Vol. 6 Núm. 1 Segundo Semestre 2009 Second Semester; 91-110
2007-9869 1870-6622 |
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| Language |
spa
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| Relation |
http://www.revistascientificas.udg.mx/index.php/EQ/article/view/102/137
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| Rights |
Copyright (c) 2015 EconoQuantum
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