Journal Article
International risk-sharing: globalization is weaker than you think
Abstract: 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.
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2005
Issue: Q2
Pages: 18-25