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We join the new trade theory with a model of choice between bank and bond financing to show the differential effects of financial policy on the distribution of firm size, gains from trade, and the real exchange rate in a small open economy. Increasing bank efficiency and reducing bond...
Persistent link: https://www.econbiz.de/10013139994
We join the new trade theory with a model of choice between bank and bond financing to show the differential effects of financial policy on the distribution of firm size, welfare, aggregate output, gains from trade, and the real exchange rate in a small open economy. Increasing bank efficiency...
Persistent link: https://www.econbiz.de/10013153982
Persistent link: https://www.econbiz.de/10003906129
We join the new trade theory with a model of choice between bank and bond financing to show the differential effects of financial policy on the distribution of firm size, welfare, aggregate output, gains from trade, and the real exchange rate in a small open economy. Increasing bank efficiency...
Persistent link: https://www.econbiz.de/10008657372
Persistent link: https://www.econbiz.de/10003914300
Persistent link: https://www.econbiz.de/10001587142
Persistent link: https://www.econbiz.de/10003923575
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