Domestic institutions and the bypass effect of financial globalization
This paper proposes a simple model to study the relationship between domestic institutions - financial system, corporate governance, and property rights protection - and patterns of international capital flows. It studies conditions under which financial globalization can be a substitute for reforms...
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Format: | UnknownFormat |
Sprache: | eng |
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Cambridge, Mass.
National Bureau of Economic Research
2007
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Schriftenreihe: | NBER working paper series
13148 |
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