Wealth Effects in Europe : A Tale of Two Countries (Italy and the United Kingdom)

A Tale of Two Countries (Italy and the United Kingdom)

Wealth Effects in Europe : A Tale of Two Countries (Italy and the United Kingdom)
This paper investigates the increasing exposure of European households to risky financial assets and the consequent impact on the economy. I analyze household data for Italy and the United Kingdom, countries that differ dramatically in their financial structure and capital markets. I estimate an endogenous switching model with bivariate switching READ MORE...

Publication date: January 2006
ISBN 9781451862904
$15.00

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