Bank Fragility and International Capital Mobility

Bank Fragility and International Capital Mobility
The paper examines the effects of increased financial integration on the economy and, specifically, the welfare of depositors and the business sector. A simple model of a small open economy with a fragile banking sector and imperfect capital mobility is developed. Increased international integration of the market for bank deposits makes runs on... READ MORE...

Publication date: August 1999
ISBN 9781451853681
$15.00

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