International Risk Sharing : Through Equity Diversification or Exchange Rate Hedging? /

Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical puzzle-th...

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Detalhes bibliográficos
Autor principal: Matsumoto, Akito
Outros Autores: Engel, Charles
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2009.
Colecção:IMF Working Papers; Working Paper ; No. 2009/138
Acesso em linha:Full text available on IMF