Financial integration, entrepreneurial risk and global dynamics

DOI10.1016/J.JET.2011.02.001zbMath1246.91159OpenAlexW2026673569MaRDI QIDQ548238

Vasia Panousi, George-Marios Angeletos

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

incomplete marketsentrepreneurshipidiosyncratic riskfinancial integrationcapital-account liberalizationcurrent-account deficitsglobal imbalances

Mathematics Subject Classification ID

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

Related Items (7)

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 ⋮ Volatile capital flows and financial integration: the role of moral hazard ⋮ Introduction to incompleteness and uncertainty in economics ⋮ Information and inequality

Cites Work

• Unnamed Item
• Endogenous market incompleteness with investment risks
• Uninsured idiosyncratic production risk with borrowing constraints
• Capital market imperfections, international credit markets, and nonconvergence
• The Elusive Gains from International Financial Integration

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