search query: @author Lane, P. R. / total: 10
reference: 5 / 10
| Author: | Lane, P. R. |
| Title: | Do International Investment Income Flows Smooth Income? |
| Journal: | Weltwirtschaftliches Archiv
2001 : VOL. 137:4, p. 714-736 |
| Index terms: | INVESTMENT INCOMES FINANCE |
| Language: | eng |
| Abstract: | International financial integration has received much research attention in recent years. At a theoretical level, the smoothing of consumption is one of the most important potential benefits offered by the internationalization of capital markets. In this paper, the authors focus on one mechanism by which consumption may be smoothed, namely the income stabilization that may be provided by cross-ownership of foreign assets and liabilities. The author's goal in this paper is to investigate whether international investment income flows actually smooth income in practice. A positive answer to this question would suggest that continued international financial integration can further improve income stabilization. |
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