CORDIS Project
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This research project investigates the effects of financial liberalization in emerging markets, focusing on the interactions between financial integration and domestic financial markets. It aims to understand how these dynamics influence macroeconomic outcomes, financial stability, and the potential for crises.
Financial liberalization in emerging markets has not produced the benefits predicted by conventional, neoclassical models.
There is consensus that in reality financial frictions must play a larger role than these models anticipated.
The objective of this research project is to enhance our understanding of how this happens, emphasizing the interactions between financial integration and the workings of domestic financial markets.The project is structured around a set of related questions. (i) Can…
Centre de Recerca en Economia Internacional (CREI)
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