Financial Globalization and the Governance of Domestic Financial Intermediaries

We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows (portfoli...

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1. Verfasser: Tressel, Thierry (VerfasserIn)
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Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2007
Schriftenreihe:IMF Working Papers Working Paper No. 07/47
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Financial Globalization and the Governance of Domestic Financial Intermediaries
title Financial Globalization and the Governance of Domestic Financial Intermediaries
title_auth Financial Globalization and the Governance of Domestic Financial Intermediaries
title_exact_search Financial Globalization and the Governance of Domestic Financial Intermediaries
title_full Financial Globalization and the Governance of Domestic Financial Intermediaries Tressel, Thierry
title_fullStr Financial Globalization and the Governance of Domestic Financial Intermediaries Tressel, Thierry
title_full_unstemmed Financial Globalization and the Governance of Domestic Financial Intermediaries Tressel, Thierry
title_short Financial Globalization and the Governance of Domestic Financial Intermediaries
title_sort financial globalization and the governance of domestic financial intermediaries
url http://elibrary.imf.org/view/IMF001/02346-9781451866117/02346-9781451866117/02346-9781451866117.xml
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