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International Financial Integration and Crisis Contagion

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NBER2014-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20526
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International financial integration helps to diversify risk but also may increase the trans- mission of crises across countries. We provide a quantitative analysis of this trade-off in a two-country general equilibrium model with endogenous portfolio choice and collateral con- straints. Collateral
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2014-09-01
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