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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8643 |
DP8643 Risk Sharing through Capital Gains | |
Bent E Sørensen; Sebnem Kalemli-Ozcan; Faruk Balli | |
发表日期 | 2011-11-01 |
出版年 | 2011 |
语种 | 英语 |
摘要 | We estimate channels of international risk sharing between European Monetary Union (EMU), European Union, and other OECD countries 1992-2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital gains, at about 6 percent, is higher than risk sharing from factor income flows for European Union countries and OECD countries. Risk sharing from factor income flows is higher for Euro zone countries, at 14 percent, reflecting increased international asset and liability holdings in the Euro area. |
主题 | International Macroeconomics |
关键词 | Capital markets International financial integration Income insurance |
URL | https://cepr.org/publications/dp8643 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537480 |
推荐引用方式 GB/T 7714 | Bent E Sørensen,Sebnem Kalemli-Ozcan,Faruk Balli. DP8643 Risk Sharing through Capital Gains. 2011. |
条目包含的文件 | 条目无相关文件。 |
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