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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Matsumoto, Akito. | |
| 245 | 1 | 0 | |a International Risk Sharing During the Globalization Era. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (47 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
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| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 09/209 | |
| 588 | 0 | |a Print version record. | |
| 520 | 3 | |a 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 sharing has, indeed, improved during globalization. Improved risk sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing-they focus only on risk sharing at the business cycle frequency. | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Globalization. | |
| 650 | 0 | |a Financial risk. | |
| 650 | 6 | |a Mondialisation. | |
| 650 | 6 | |a Risque financier. | |
| 650 | 7 | |a globalism. |2 aat | |
| 650 | 7 | |a Financial risk |2 fast | |
| 650 | 7 | |a Globalization |2 fast | |
| 700 | 1 | |a Flood, Robert P. | |
| 700 | 1 | |a Marion, Nancy P. | |
| 776 | 0 | 8 | |i Print version: |a Matsumoto, Akito. |t International Risk Sharing During the Globalization Era. |d Washington : International Monetary Fund, ©2009 |z 9781451873566 |
| 830 | 0 | |a IMF Working Papers. | |
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