| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18372 |
| 来源ID | Working Paper 18372 |
| Capital Mobility and International Sharing of Cyclical Risk | |
| Julien Bengui; Enrique G. Mendoza; Vincenzo Quadrini | |
| 发表日期 | 2012-09-06 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper investigates whether the international globalization of financial markets allows for significant cross-country risk-sharing at the business cycle frequency. We find that cross-country risk-sharing is still limited and this is unlikely to be the result of financial frictions that limit state-contingent contracts. Part of the limited international risk sharing could be the consequence of frictions that de-facto reduce the short-term mobility of financial capital. But even with these frictions we find significant divergence between model predictions and the data. |
| 主题 | International Economics ; International Finance ; International Macroeconomics ; Financial Economics ; Financial Markets |
| URL | https://www.nber.org/papers/w18372 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576048 |
| 推荐引用方式 GB/T 7714 | Julien Bengui,Enrique G. Mendoza,Vincenzo Quadrini. Capital Mobility and International Sharing of Cyclical Risk. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18372.pdf（865KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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