Financial Frictions, Financial Integration and the International Propagation of Shocks

risky assets, if asset markets are integrated across the board, reflecting a strong pressure towards the cross-border equalization of external finance premia faced by levered investors. In turn, the resulting global flight to quality may bring about tight international linkages in (de-)leveraging, financial and macroeconomic dynamics.

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Year of publication:	2010
Authors:	Lombardo, Giovanni ; Dedola, Luca
Institutions:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Series:	2010 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 SED Meeting Papers Number 288
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011080719