Does financial integration promote risk sharing? Evidence from OECD Countries.
Anno
2017
Struttura
Sottosettore ERC del proponente del progetto
Componenti gruppo di ricerca
| Componente | Categoria |
|---|---|
| Luigi Ventura | Tutor di riferimento |
Abstract
This study provides a comprehensive investigation on the relation between financial integration and consumption risk sharing.
Standard theory predicts that one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide an empirical evaluation of the patterns of risk sharing among OECD Countries and examine how international financial integration has affected the evolution of these patterns.
ERC
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