IDEAS home Printed from https://ideas.repec.org/p/ris/kiepwp/2018_002.html

Financial Market Integration and Income Inequality

Author

Listed:
  • Jae Wook Jung

    (Korea Institute for International Economic Policy)

  • Kyunghun Kim

    (Korea Institute for International Economic Policy)

Abstract

Benefits of financial market integration include cheaper and alternative options of saving and borrowing for households and entrepreneurs. In the global financial market, asset choices for households widen so that individuals can manage their idiosyncratic income risk more effectively. On the other hand, financial market integration makes investors who hold foreign assets more vulnerable to global financial shocks. In the recent financial crisis, financial market distress which initially arose in the U.S. had an enormous impact on the peripheral countries. This example shows that the strong shock propagation occurs via integrated financial markets.

Suggested Citation

  • Jae Wook Jung & Kyunghun Kim, 2018. "Financial Market Integration and Income Inequality," Working Papers 18-2, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwp:2018_002
    as

    Download full text from publisher

    File URL: https://www.kiep.go.kr/gallery.es?mid=a10105020000&bid=0001&list_no=2291&act=view&act=view&list_no=2291&cg_code=
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. is not listed on IDEAS
    2. Linsheng Chen & Jianli Bai & Shiwei Xu & Zhengrong Cheng & Jiahui Chen, 2024. "Financial Literacy, Fintech, and Risky Financial Investment in Urban Households—An Analysis Based on CHFS Data," Mathematics, MDPI, vol. 12(21), pages 1-17, October.
    3. Jorge Carrera & Gabriel Montes-Rojas & Mariquena Solla & Fernando Toledo, 2023. "Does Income Inequality Affect Capital Flows? Evidence from Emerging Markets and Developing Economies," Documentos de trabajo del Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET) 2023-86, Universidad de Buenos Aires, Facultad de Ciencias Económicas, Instituto Interdisciplinario de Economía Política IIEP (UBA-CONICET).
    4. Carrera Jorge & Montes-Rojas Gabriel & Panigo Demian & Toledo Fernando, 2024. "Income Inequality and External Wealth of Nations," Journal of Globalization and Development, De Gruyter, vol. 15(1), pages 47-62.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwp:2018_002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Juwon Seo The email address of this maintainer does not seem to be valid anymore. Please ask Juwon Seo to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.