Kikuchi, Tomoo: Inequality of nations, endogenous fluctuations, and financial market globalization : a dynamic general equilibrium approach. 2007
Inhalt
- Introduction
- Motivation
- Approach
- The Convergence Hypotheses
- Financial Development and Growth
- Definition of Financial Markets
- Outline
- Capital Accumulation of Open Economies
- Introduction
- A Perfect International Capital Market
- A Model with Credit Market Imperfections
- Summary
- A Two Country Model with Imperfect International Credits
- Uncertainty, Assets, and Capital Accumulation
- Introduction
- The Model Structure
- The Closed Economy Model
- Dynamics of the Economy with Rational Expectations
- Summary
- Appendix
- A Two Country Model with International Mutual Funds
- Introduction
- Two country model
- Dynamics of the Two Country Model
- Multiple Steady States
- Nonconvergence and Inequality of Nations
- Endogenous Fluctuations of International Capital Flows
- Concluding Remarks
- Appendix
- Conclusion