|
|
|
|
| LEADER |
01812cas a2200253 a 4500 |
| 001 |
AALejournalIMF008597 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451849622
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Gourinchas, Pierre-Olivier.
|
| 245 |
1 |
4 |
|a The Elusive Gains from International Financial Integration /
|c Pierre-Olivier Gourinchas, Olivier Jeanne.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
|
| 300 |
|
|
|a 1 online resource (47 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of convergence appear relatively limited for developing countries. The welfare gain from switching from financial autarky to perfect capital mobility is roughly equivalent to a 1 percent permanent increase in domestic consumption for the typical non-OECD country. This is negligible relative to the welfare gain from a take-off in domestic productivity of the magnitude observed in some of these countries.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Jeanne, Olivier.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2004/074
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/074/001.2004.issue-074-en.xml
|z IMF e-Library
|