Moral hazards, bankruptcy costs and international financial capital mobility
(2007)
Journal Article
Banerji, S., & van Long, N. (2007). Moral hazards, bankruptcy costs and international financial capital mobility. Review of Development Economics, 11(2), 369-384. https://doi.org/10.1111/j.1467-9361.2007.00404.x
Using a model with moral hazard and bankruptcy costs, we show that the direction of intertemporal trade between countries depends on differences in their autarkic distributions of wealth. We also examine the consequences of redistribution policies an... Read More about Moral hazards, bankruptcy costs and international financial capital mobility.