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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Matsumoto, Akito
مؤلفون آخرون: Engel, Charles
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Working Papers; Working Paper ; No. 2009/138
الوصول للمادة أونلاين:Full text available on IMF