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Persistent link: https://www.econbiz.de/10011640981

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Ethics in the global South

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Domestic institutions and the bypass effect of financial globalization

Ju, Jiandong; Wei, Shang-jin - 2007

This paper proposes a simple model to study the relationship between domestic institutions - financial system, corporate governance, and property rights protection - and patterns of international capital flows. It studies conditions under which financial globalization can be a substitute for...