Volatility and the Welfare Costs of Financial Market Integration
收藏NBER1998-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6782
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资源简介：
This paper examines the effect of volatility on the costs and benefits of financial market integration. The basic framework combines the costly state verification model and the contract enforceability approach. The welfare effects of financial market integration are assessed by comparing welfare
提供机构：
美国国家经济研究局
创建时间：
1998-11-01
