The impact of financial market imperfections on trade and capital flows

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Bibliographic Details
Main Author:	Spiros Bougheas
Format:	Artículo científico
Language:	en
Published:	Universidad de Guadalajara 2009
Subjects:	Economía y Finanzas Trade flows capital flows financial frictions
Online Access:	Acceder al recurso
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author	Spiros Bougheas
author_facet	Spiros Bougheas
contents	The impact of financial market imperfections on trade and capital flows Spiros Bougheas Rod Falvey Economía y Finanzas Trade flows capital flows financial frictions We introduce financial frictions in a two sector model of international trade with heterogeneous agents. The level of specialization in the economy (economic development) depends on the quality of financial institutions. Underdeveloped financial markets prohibit an economy to specialize in sectors where finance is important. Capital flows and international trade are complements when countries differ in the degree of development of their financial sectors. Capital flows to countries with more robust financial institutions which in turn allow their economies to develop sectors that are financially dependent. 2009 artículo científico 1870-6622 https://www.redalyc.org/articulo.oa?id=125012551007 en http://www.redalyc.org/revista.oa?id=1250 EconoQuantum application/pdf Universidad de Guadalajara EconoQuantum (México) Num.1 Vol.6
format	Artículo científico
id	redalyc_125012551007
institution	Redalyc
language	en
publishDate	2009
publisher	Universidad de Guadalajara
spellingShingle	The impact of financial market imperfections on trade and capital flows Spiros Bougheas Economía y Finanzas Trade flows capital flows financial frictions The impact of financial market imperfections on trade and capital flows Spiros Bougheas Rod Falvey Economía y Finanzas Trade flows capital flows financial frictions We introduce financial frictions in a two sector model of international trade with heterogeneous agents. The level of specialization in the economy (economic development) depends on the quality of financial institutions. Underdeveloped financial markets prohibit an economy to specialize in sectors where finance is important. Capital flows and international trade are complements when countries differ in the degree of development of their financial sectors. Capital flows to countries with more robust financial institutions which in turn allow their economies to develop sectors that are financially dependent. 2009 artículo científico 1870-6622 https://www.redalyc.org/articulo.oa?id=125012551007 en http://www.redalyc.org/revista.oa?id=1250 EconoQuantum application/pdf Universidad de Guadalajara EconoQuantum (México) Num.1 Vol.6
title	The impact of financial market imperfections on trade and capital flows
topic	Economía y Finanzas Trade flows capital flows financial frictions
url	https://www.redalyc.org/articulo.oa?id=125012551007

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