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- W1545953528 abstract "It has long been argued that trade restrictions can be motivated by insurance considerations in the absence of full risk diversification. Recent theoretical research suggests that markets for risk can alleviate resistance to reform and protectionist lobby group pressure. We empirically address the hypothesis that institutions reducing risk can facilitate liberal trade policy. Our results reveal a robust positive relationship between openness to trade and the development of domestic and international financial markets." @default.
- W1545953528 created "2016-06-24" @default.
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- W1545953528 date "2000-09-10" @default.
- W1545953528 modified "2023-09-27" @default.
- W1545953528 title "Does Financial Development Lead to Trade Liberalization" @default.
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