Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - In: Annals of Economics and Finance 1 (2000) 1, pp. 33-47
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in a small open economy is crucial for the composition of international capital inflows as well as for the efficiency of channeling savings into investment. This paper compares...