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On the Welfare Implications of Financial Globalization without Financial Development

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NBER2007-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13412
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It is widely argued that countries can reap large gains from liberalizing their capital accounts if financial globalization is accompanied by the development of domestic institutions and financial markets. However, if liberalization does not lead to financial development, globalization can result in
提供机构:
美国国家经济研究局
创建时间:
2007-09-01
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