Panousi, Vasia; Angeletos, George-Marios - Federal Reserve Board (Board of Governors of the … - 2010
How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality …, but also a wedge between the interest rate and the marginal product of capital. Our contribution is then to show that this … capital often fails to flow from the rich or slow-growing countries to the poor or fast-growing ones, and a distinct set of …