Financial Integration, Growth, and Volatility
- Topics:
- Global Strategy,
- Quantitative Analysis
- Tags:
- Emerging Market,
- Finance,
- Financial,
- Financial Accounting,
- Financial Integration,
- Financial Services,
- Marketing,
- Marketing Research,
- Volatility
- Source:
- International Monetary Fund
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Overview: The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, it builds a stochastic endogenous growth model for a small open economy that can borrow from the rest of the world, invest in foreign assets, and receives foreign direct investment (FDI). The model is calibrated on 32 emerging market and developing economies for which it evaluates the upper bound for the welfare gain from financial integration.
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Format: PDF | Size: 473KB | Date: Apr 2005 | Pages: 38





