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• W1489276048 abstract "This paper explores a two-country model of capital accumulation with country-specific production externalities. The main concern of our discussion is to investigate equilibrium determinacy (aggregate stability) conditions in a financially integrated world economy. We show that the well-established equilibrium determinacy conditions for the case of small-open economy are still valid if heterogeneity between two countries is small enough. As the technological difference between the countries increases, the equilibrium determinacy conditions may diverge from those for the small country setting." @default.
• W1489276048 created "2016-06-24" @default.
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• W1489276048 date "2009-01-01" @default.
• W1489276048 modified "2023-09-27" @default.
• W1489276048 title "Financial Integration and Aggregate Stability" @default.
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• W1489276048 hasPublicationYear "2009" @default.
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