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Endogenous Financial Openness: Efficiency and Political Economy Considerations

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NBER2003-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10144
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资源简介:
This paper studies the endogenous determination of financial openness. We outline a framework where financial openness is endogenously determined by the authority's choice of financial repression as a taxation device, and where the private sector determines endogenously the magnitude of capital
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2003-12-01
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