How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels /

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examines how international financial...

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Bibliographic Details
Main Author: Terrones, Marco
Other Authors: Kose, Ayhan, Prasad, Eswar
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/238
Online Access:Full text available on IMF