Trade in Financial Services—Has the IMF been Involved Constructively?
نویسندگان
چکیده
منابع مشابه
Trade and Financial Development ∗
The differences in financial development between advanced and developing countries are pronounced. It has been observed, both theoretically and empirically, that these differences in countries’ financial systems are a source of comparative advantage and trade. This paper points out that to the extent a country’s financial development is endogenous, it will in turn be influenced by trade. We bui...
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This paper argues that trade liberalization has a potentially significant impact on financial leverage. We compare the predictions of the trade-off model of capital structure with the pecking order model. In the first case, we suggest that trade liberalization affects the trade-off between the tax advantages of debt and expected bankruptcy costs. This implies that a reduction in domestic tariff...
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Colin Xu, two anonymous referees and seminar participants at the University of Virginia, the World Bank, the University of California at Davis and the Annual Meeting of the Southern Economic Association are gratefully acknowledged. The usual disclaimer applies. The findings, interpretations and conclusions in this paper are entirely those of the author and do not necessarily represent the view ...
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ژورنال
عنوان ژورنال: Margin: The Journal of Applied Economic Research
سال: 2011
ISSN: 0973-8010,0973-8029
DOI: 10.1177/097380101000500105