Working Paper
The Integration of Imperfect Financial Markets: Implications for Business Cycle Volatility
Kiel Working Papers, 1161
Authors
Publication Date
JEL Classification
F31
F32
F36
F41
E44
Key Words
During the last two decades, the degree of openness of national financial systems has increased substantially. At the same time, asymmetries in information and other financial market frictions have remain prevalent. We study both empirically and theoretic
