Consumption risk sharing
International Financial Integration and Consumption Risk Sharing
... facilitated risk sharing for both OECD and non-OECD countries over the period ...for risk sharing runs counter to previous empirical findings, and may have significant policy implications for ...
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Essays On Consumption Risk-Sharing In Emerging Economies
... that consumption risk- sharing may be subject to threshold e ff ...sumption risk-sharing in emerging economies (see, ...on consumption risk-sharing in emerging ...
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The Impact of International Portfolio Composition on Consumption Risk Sharing
... The other strand of literature relevant to our paper is that on the – geographical – determinants of foreign portfolio investment and their impact on international consumption-risk sharing. Drawing ...
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Channels of Interprovincial Consumption Risk Sharing in the People’s Republic of China
... of consumption risk sharing in the ...intra-PRC consumption risk sharing declined during the past ...less risk sharing takes place between provinces in the PRC than ...
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International Consumption Risk Sharing with Incomplete Goods and Asset Markets
... The second explanation for the lack of consumption risk sharing could thus be that there are trading costs in international financial markets. Fees and commissions for fi- nancial intermediaries or ...
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The Evolution of International Consumption Risk Sharing Over Time And Frequency
... country consumption and output correlations over time and frequency dimensions simultaneously using the empirical technique of wavelet ...country consumption correlations? There are several reasons to move ...
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Capital market integration and consumption risk sharing over the long run
... that consumption risk sharing is increasing during the first 25-30 years of the sample, declines and reaches low values during the Bretton Woods, and finally increases again during the last decades ...
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Evaluating International Consumption Risk Sharing Gains: An Asset Return View,
... Multi-country consumption risk sharing studies that match the equity premium typically find very large gains from ...the risk-free rate and asset return ...canonical risk-sharing ...
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Taking Home Bias Seriously: Absolute and Relative Measures Explaining Consumption Risk-Sharing
... reduce consumption risk-sharing (increase the overall risk-sharing coefficient) if countries exhibit above-average home bias ...
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Taking Home Bias Seriously: Absolute and Relative Measures Explaining Consumption Risk-Sharing
... which consumption risk is shared and links it empirically to proceeding financial ...and consumption risk-sharing associated with high levels of foreign portfolio equity and foreign ...
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Taking home bias seriously: absolute and relative measures explaining consumption risk-sharing
... Our second measure is novel. Next to the broad distinction between domestic and foreign investment, we develop a relative home bias measure that explains the geographic distribution of the international component of a ...
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Consumption Risk Sharing over the Business cycle: the role of Small Firms' Access to Credit Markets
... Consumption risk sharing among ...aggregate risk sharing are more pronounced in states in which small …rms account for a large share of ...aggregate risk sharing on the ...
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Consumption Risk Sharing over the Business Cycle: the Role of Small Firms' Access to Credit Markets
... Abstract Consumption risk sharing among ...aggregate risk sharing are more pronounced in states in which small firms account for a large share income or ...aggregate risk ...
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The Lack of International Consumption Risk Sharing: Can Inflation Differentials and Trading Costs Help Explain the Puzzle?
... international risk sharing? To explore the anatomy of this result further, we compare our international results to evidence obtained from regional data sets from Australia, Canada, Germany and ...
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Together forever? Good and bad market volatility shocks and international consumption risk sharing: A tale of a sign
... of risk sharing is not as high as ...international consumption risk sharing is to show that there are considerable differences in the degree of capital markets integration after good ...
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Consumption Risk-sharing in Social Networks
... Capacities and dynamic interpretation. We analyze a one-time risk-sharing arrangement in a network where links and capacities are determined outside the model. The most direct interpretation of this ...
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Consumption risk sharing and adjustment costs
... full risk sharing may not be at odd with the idea that changes in regional consumption display error-correcting dynamics, in line with the idea that information and transaction costs stemming from ...
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Government Size and International Consumption Risk Sharing
... negative sign of the interaction term, ˜ y it ∗ A it . Although this effect is not significant in countries with anticyclical fiscal policy, our results suggest that cross-border holdings of financial assets increase the ...
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Consumption Risk-sharing within Australia and with New Zealand
... international risk-sharing is as ...specific risk in non-traded sectors, and in wage and labour ...their risk-worsening ...how risk-sharing and welfare gains could be ...for ...
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Banks, Financial Markets and International Consumption Risk Sharing
... share risk across ...idiosyncratic risk can be diversified across ...for risk sharing then the degree of risk sharing achieved may in fact depend on the development of financial ...
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