Country Portfolios
Capital flows to developing countries are small and take mostly the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between diminishing returns, production risk and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks that resemble those in the data
Year of publication: |
2013
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Authors: | Kraay, Aart ; Loayza, Norman ; Serv??n, Luis |
Other Persons: | Ventura, Jaume (contributor) |
Publisher: |
Washington, D.C. : World Bank |
Subject: | Internationale Staatsschulden | International sovereign debt | Theorie | Theory | Kapitalmobilität | Capital mobility | Auslandsvermögen | Foreign assets | Portfolio-Management | Portfolio selection | Welt | World |
Saved in:
freely available
Extent: | Online-Ressource |
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Series: | Policy Research working paper series ; WPS 3320 Policy Research Working Paper ; No.3320 |
Type of publication: | Book / Working Paper |
Language: | English |
Other identifiers: | hdl:10986/14013 [Handle] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012559769