International Risk Sharing During the Globalization Era /

Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk shar...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Matsumoto, Akito
Weitere Verfasser: Flood, Robert, Marion, Nancy
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2009.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2009/209
Online Zugang:Full text available on IMF