The Resource International risk sharing during the globalization era, Robert P. Flood, Nancy P. Marion and Akito Matsumoto, (electronic resource)

International risk sharing during the globalization era, Robert P. Flood, Nancy P. Marion and Akito Matsumoto, (electronic resource)

Label
International risk sharing during the globalization era
Title
International risk sharing during the globalization era
Statement of responsibility
Robert P. Flood, Nancy P. Marion and Akito Matsumoto
Creator
Contributor
Subject
Language
eng
Summary
Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk sharing has, indeed, improved during globalization. Improved risk sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing-they focus only on risk sharing at the business cycle frequency
Related
Member of
Action
digitized
Additional physical form
Online (ebrary)
Cataloging source
CaPaEBR
Characteristic
  • unknown
  • online system or service
Government publication
international or intergovernmental publication
LC call number
HF1365
LC item number
.F56 2009eb
Series statement
IMF working paper
Series volume
WP/09/209
Label
International risk sharing during the globalization era, Robert P. Flood, Nancy P. Marion and Akito Matsumoto, (electronic resource)
Publication
Note
  • "September 2009"--P. [1]
  • Cover title
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
000053018311
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781451917789
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b37208524
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)649706805
  • imf1451917783
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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