Financial Globalization, Portfolio Diversification, and the Pattern of International Trade /
The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified in...
| 主要作者: | |
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2003.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2003/233 |
| 在线阅读: | Full text available on IMF |