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Financial Development and the Instability of Open Economies

Aghion, Philippe; Banerjee, Abhijit V.; Bacchetta, Philippe - 2021

This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...

Persistent link: https://www.econbiz.de/10013221113

Financial Development and the Instability of Open Economies

Aghion, Philippe - 2004

Persistent link: https://www.econbiz.de/10012468447

Contagious bank failures in a free banking system : a persistent misunderstanding

Bédard, Mathieu - In: Journal des économistes et des études humaines : JEEH 20 (2014) 1, pp. 71-78

Persistent link: https://www.econbiz.de/10010430589

Financial restructuring in transition economies

Aghion, Philippe; Bolton, Patrick; Fries, Steven M. - 1996

Persistent link: https://www.econbiz.de/10000951707

Opposing firm-level responses to the China shock : horizontal competition versus vertical relationships

Aghion, Philippe; Bergeaud, Antonin; Lequien, Matthieu; … - 2021

Persistent link: https://www.econbiz.de/10012614409

Opposing firm-level responses to the China shock : output competition versus input supply

Aghion, Philippe; Bergeaud, Antonin; Lequien, Matthieu; … - 2023

Persistent link: https://www.econbiz.de/10013550156

Opposing Firm Level Responses to the China Shock : Output Competition versus Input Supply

Aghion, Philippe; Bergeaud, Antonin; Lequien, Matthieu; … - 2022

We decompose the “China shock” into two components that induce different adjustments for firms exposed to Chinese … exports: an output shock affecting firms selling goods that compete with similar imported Chinese goods, and an input supply … shock affecting firms using inputs similar to the imported Chinese goods. Combining French accounting, customs, and patent …

Persistent link: https://www.econbiz.de/10014264552