International risk-sharing: globalization is weaker than you think
Sylvain Leduc notes that the extent of international risk-sharing remains surprisingly small. This appears to be the case even though the development of international financial markets should better equip households to pool their resources so that their level of consumption varies less from year to year. In “International Risk-Sharing: Globalization Is Weaker Than You Think,” Leduc digs a little further into the data to uncover why, in spite of recent trends, risk-sharing doesn’t occur more often.
Volume (Year): (2005)
Issue (Month): Q2 ()
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