Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
965414 | Journal of the Japanese and International Economies | 2006 | 23 Pages |
Abstract
To understand why developing countries do not automatically benefit from financial globalization, both the need for a minimum institutional quality (the threshold hypothesis) and the possibility of varying volatility of different types of capital flows (the composition hypothesis) have been suggested. This paper contends that the two hypotheses are intimately linked, and provides supportive empirical evidence. J. Japanese Int. Economies 20 (4) (2006) 459-481.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Shang-Jin Wei,