A Modigliani-Miller theorem for the public finances of globalized economies
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DOI: 10.1016/j.irfa.2024.103257
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More about this item
Keywords
Capital structure; Credibility; Debt; Equity; Global investors; Irrelevance; Money; Neutrality;All these keywords.
JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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