Credit Market Imperfections and Patterns of International Trade and Capital Flows
Credit Market Imperfections and Patterns of International Trade and Capital Flows
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DOI：
10.1162/jeea.2005.3.2-3.714
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发表时间：
2005-04
期刊：
影响因子：
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通讯作者：
Kiminori Matsuyama
中科院分区：
文献类型：
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作者：
Kiminori Matsuyama
在一个信用关系受制于各种代理问题的世界里，企业治理、合同执行和企业部门的资产负债表状况是在资源配置中发挥重要作用的许多因素之一。本文提供了两个简单的模型来说明这些因素如何影响国际贸易和资本流动的模式，在信贷市场的不完善。
In a world where credit relationships are subject to a variety of agency problems, corporate governance, contractual enforcement, and the balance sheet condition of the business sector are among many factors that can play an important role in the allocation of resources. This paper offers two simple models to illustrate how these factors can affect the patterns of international trade and capital flows in the presence of credit market imperfections.