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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Bibliografske podrobnosti
Glavni avtor: Matsumoto, Akito
Drugi avtorji: Engel, Charles
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2009.
Serija:IMF Working Papers; Working Paper ; No. 2009/138
Online dostop:Full text available on IMF