Balakrishnan, Ravi; Tulin, Volodymyr - International Monetary Fund (IMF) - 2006
deep, liquid, and innovative U.S. financial markets with robust investor protection. Moreover, the continued attractiveness … of U.S. financial markets to European investors suggests that they offer a large array of assets, with different risk … allocative efficiency of U.S. financial markets could mitigate risks of a disorderly unwinding of global current account …