Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10001648659
Persistent link: https://www.econbiz.de/10003382535
Persistent link: https://www.econbiz.de/10010347327
We introduce financial frictions into a simple two sector model of international trade with heterogeneous agents and investigate the impact of differences in the strength of financial institutions and wealth inequality on trade flows, capital movements and entrepreneurial migration. Distinct...
Persistent link: https://www.econbiz.de/10010347348
Persistent link: https://www.econbiz.de/10001841918
Persistent link: https://www.econbiz.de/10001471351
Persistent link: https://www.econbiz.de/10001589817
Modelling infrastructure as an international public good in a two-country model of trade where each country's social planner behaves strategically, we show that, in general, the equilibrium levels of infrastructure are not optimal from a global perspective. Utilizing an appropriate econometric...
Persistent link: https://www.econbiz.de/10014074908
We develop a dynamic computational network model of the banking system where fire sales provide the amplification mechanism of financial shocks. Each period a finite number of banks offers a large, but finite, number of loans to households. Banks with excess liquidity also offer loans to other...
Persistent link: https://www.econbiz.de/10014490902