@techreport{NBERw13412, title = "On the Welfare Implications of Financial Globalization without Financial Development", author = "Enrique G. Mendoza and Vincenzo Quadrini and José-Victor Ríos-Rull", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "13412", year = "2007", month = "September", URL = "http://www.nber.org/papers/w13412", }