Risk Sharing and Financial Contagion in Asia : An Asset Price Perspective /
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic discount factors. Risk sharing is low in Asia, and varies...
| Prif Awdur: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2011.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2011/242 |
| Mynediad Ar-lein: | Full text available on IMF |