On financial liberalization and long-run risk sharing

We address the noted puzzle that despite increased capital mobility, international consumption risk sharing appears to be very limited. For all possible country pairings, we measure idiosyncratic consumption as the difference between national real per capita consumption expenditures. Using a pair-wi...

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Detalles Bibliográficos
Autores Principales: Holmes M.J., Otero, Jesus
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Elsevier B.V. 2016
Acceso en línea:https://repository.urosario.edu.co/handle/10336/24327