Erauskin, Iñaki - Institut für Weltwirtschaft (IfW) - 2013
This paper studies the impact of financial openness on the size of government, and other key economic variables, such … as the consumption-wealth ratio, the growth rate of wealth, and welfare, in a two-country world, based on a portfolio …-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …