Financial Development and Capital Flows: An Application

Margaret, Davenport and Guido, Cozzi (2017): Financial Development and Capital Flows: An Application.

Abstract

Could China's Property Law Reform of 2007 have induced the housing market value drop that preluded the 2007-2008 subprime crisis? We show how a well-known stylized global model may suggest a positive answer.

• Item Type: MPRA Paper
• Language: English
• Keywords: Global Imbalances, Financial development, China's Property Reform
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements; F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital Movements; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance

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