Series: IMF Working Papers
Author(s): Anne Epaulard , and Aude Pommeret
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2005
Keywords: Risk-sharing, Endogenous Growth, Stochastic Growth, global financial markets, financial markets, foreign assets, General Aggregative Models: Neoclassical, International Factor Movements and International Business: General, Financial Aspects of Economic Integration, Economic Growth of Open Economies
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that...