; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Macroeconomic Effects of World Trade in Financial Assets"; ; "jannelle.ruswick@mpls.frb.org"; "Cole, Harold Linh, 1957-"; "Federal Reserve Bank of Minneapolis"; "This article analyzes some of the potential effects of increased international financial integration within a simple two-country model. In the model, the article considers a switch in the menu of internationally traded financial securities from bonds to complete contingent claims and examines the impact of this switch on the stochastic properties, including the cross-country correlations, of standard macroeconomic aggregates like output, consumption, and labor effort, as well as the trade balance."^^; "1993 Summer"; "2019-12-11T15:57:44.838171928+00:00"^^; "https://doi.org/10.21034/qr.1732"; ; "Mon Dec 16 17:28:36 2019"; "Article"; "145"; "Quarterly review (Federal Reserve Bank of Minneapolis. Research Department)"; "Vol. 17, No. 3"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "This is a revised version of a paper published in the _International Economic Review_ (May 1988, vol. 29, no. 2, pp. 237-59): \"Financial Structure and International Trade\" by Harold Cole. The article appears here with the permission of the University of Pennsylvania. © All rights reserved. https://doi.org/10.2307/2526664"^^; ; "Publication" . ; .