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Financial Markets and International Risk Sharing

✍ Scribed by Martin Schmitz


Publisher
Springer US
Year
2008
Tongue
English
Weight
335 KB
Volume
21
Category
Article
ISSN
0923-7992

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International dynamic risk sharing
✍ Giuseppe Cavaliere; Luca Fanelli; Attilio Gardini πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 204 KB

## Abstract In this paper we examine the implications of international risk sharing among a set of countries in the presence of market frictions which complicate the instantaneous adjustment to the first‐order conditions. We suggest approximating the consumption streams of countries belonging to th