International Risk Sharing During the Globalization Era

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 sharing has, indeed, improved during globalization.... READ MORE...

Publication date: September 2009
ISBN 9781451873566
$18.00

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