Foellmi, Reto; Oechslin, Manuel - In: Journal of International Economics 81 (2010) 1, pp. 15-25
Globalization increasingly involves less-developed countries (LDCs), i.e., economies which usually suffer from severe imperfections in their financial systems. Taking these imperfections seriously, we analyze how credit frictions affect the distributive impact of trade liberalizations. We find...
