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Incentive problems and the pattern of international risk sharing

โœ Scribed by Sylvester Eijffinger; Wolf Wagner


Book ID
116659082
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
259 KB
Volume
29
Category
Article
ISSN
0261-5606

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This paper explores income and consumption smoothing patterns among the member countries of each of the CFA zones-the CEMAC 1 and the WAEMU 2 -during the period 1980-2005. I find that for the CEMAC, about 24 per cent of shocks to GDP are smoothed through the standard channels (i.e. capital market, c