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...

全面介绍

书目详细资料
主要作者: Matsumoto, Akito
其他作者: Engel, Charles
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2009.
丛编:IMF Working Papers; Working Paper ; No. 2009/138
在线阅读:Full text available on IMF