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...
| Autor principal: | |
|---|---|
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2003/233 |
| Acceso en línea: | Full text available on IMF |