Title of article
Discussionof‘‘Capitalmobilityandinternational sharing ofcyclicalrisk
Author/Authors
Mark Aguiar، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2013
Pages
3
From page
63
To page
65
Abstract
This isacommenton‘‘Capitalmobilityandinternationalsharingofcyclicalrisk.’’The
commentfocusesontheauthors’choiceofportfolioadjustmentcostsinexplaining
limited internationalrisksharing.Thecommentraisestwomainissues.Oneisthat
investorsholdlargegrosspositionsthatvarysignificantlyinvalueoverthebusiness
cycle. Thesecondisthatitisdifficulttoidentifyportfolioadjustmentcostsfromtrade
costs withintheauthors’environment
Keywords
International risksharingCapital flowsBusiness cycles
Journal title
Journal of Monetary Economics
Serial Year
2013
Journal title
Journal of Monetary Economics
Record number
846571
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