Asset markets, financial intermediaries and growth in emerging markets and beyond
نویسندگان
چکیده
منابع مشابه
Emerging Markets and Financial Intermediaries
Over the last fifteen years, emerging economies have experienced abrupt changes in bond spreads and large movements in capital flows. We propose a simple general equilibrium model where international investors hire fund managers to invest their capital either in the bonds of an emerging economy or in a riskless asset. We model the emerging economy as a small-open economy subject to an aggregate...
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ژورنال
عنوان ژورنال: International Economics and Economic Policy
سال: 2018
ISSN: 1612-4804,1612-4812
DOI: 10.1007/s10368-017-0408-0