Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets
收藏NBER2013-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19072
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We study the short- and long-run effects of financial integration in emerging economies using a two-sector model with a collateral constraint on external debt and trading costs incurred by foreign investors. The probability of a financial crisis displays overshooting: It rises sharply initially and
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美国国家经济研究局创建时间：
2013-05-01
