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mundell,1968年出版的论文集,集合了他在1968年以前所有重要的国际经济学领域的论文。包括(1961)AER上一篇最优货币区域(ch12),和(1962)在IMF上的一篇staff paper,后者是著名的mundell-fleming model 的起源(ch16)。 (bluesky提供)







Bubbles and Capital Flows(vagabond提供)
Abstract: This paper presents a stylized model of international trade and asset price bubbles. Its central insight is that bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles absorb local savings, eliminating inefficient investments and liberating resources that are in part used to invest in high productivity countries. Through this channel, bubbles act as a substitute for international capital flows, improving the international allocation of investment and reducing rate-of-return differentials across countries. This view of asset price bubbles has important implications for the way we think about economic growth and fluctuations. It also provides a simple account of some real world phenomena that have been difficult to model before, such as the recurrence and depth of financial crises or their puzzling tendency to propagate across countries.










PhD Prelim exams International Finance (UCLA), 1998-2000, 2002 (wl5f提供)




International Macroeconomics and Finance: Theory and Empirical Methods
Nelson C. Mark(绝对零度提供)
Blackwell Publishers,December 12, 2000
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