Title of article
Capital mobilityandinternationalsharingofcyclicalrisk
Author/Authors
Julien Bengui، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2013
Pages
21
From page
42
To page
62
Abstract
This paperinvestigateswhethertheinternationalglobalizationoffinancialmarkets
allowsforsignificantcross-countryrisk-sharingatthebusinesscyclefrequency.Wefind
thatcross-countryrisk-sharingisstilllimitedandthisisunlikelytobetheresultof
financialfrictionsthatlimitstate-contingentcontracts.Partofthelimitedinternational
risk sharingcouldbetheconsequenceoffrictionsthat de-facto reducetheshort-term
mobilityoffinancialcapital.Butevenwiththesefrictionswefindsignificantdivergence
betweenmodelpredictionsandthedata
Journal title
Journal of Monetary Economics
Serial Year
2013
Journal title
Journal of Monetary Economics
Record number
846570
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