Financial Integration Entrepreneurial Risk and Global Dynamics is popular PDF and ePub book, written by George-Marios Angeletos in 2011-04, it is a fantastic choice for those who relish reading online the Reference genre. Let's immerse ourselves in this engaging Reference book by exploring the summary and details provided below. Remember, Financial Integration Entrepreneurial Risk and Global Dynamics can be Read Online from any device for your convenience.
Financial Integration Entrepreneurial Risk and Global Dynamics Book PDF Summary
How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk -- a risk that introduces, not only a precautionary motive for saving, but also a wedge between the interest rate and the marginal product of capital. This friction provides a simple resolution to the empirical puzzle that capital often fails to flow from the rich or slow-growing countries to the poor or fast-growing ones, and a distinct set of policy lessons regarding the intertemporal costs and benefits of capital-account liberalization. Illus. A print on demand report.
Detail Book of Financial Integration Entrepreneurial Risk and Global Dynamics PDF
- Author : George-Marios Angeletos
- Release : 01 April 2011
- Publisher : DIANE Publishing
- ISBN : 9781437980240
- Genre : Reference
- Total Page : 42 pages
- Language : English
- PDF File Size : 9,8 Mb
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