Financial Integration, Financial Development, and Global Imbalances

作者: Enrique G. Mendoza , Vincenzo Quadrini , José‐Víctor Ríos‐Rull

DOI: 10.1086/599706

关键词: Financial ratioFinancial integrationIndirect financeFinancial systemFinancial marketFinancial analysisGlobal imbalancesNet foreign assetsEconomicsForeign direct investment

摘要: … : (1) financial development varies widely even among industrial countries, with the United States on top; (2) the secular decline in the US … Figure 1A plots the financial development index …

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