Has Globalization Improved International Risk Sharing?

In this paper, we study the dynamics of international consumption risk sharing among the G‐7 countries. Based on the dynamic conditional correlation model due to Engle (2002), we construct a time‐varying, consumption‐based measure of risk sharing. We find that the exposure to country‐specific shocks...

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Bibliographic details
Volume: 15
Main Author: Antonakakis, Nikolaos
Scharler, Johann
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY-BLACKWELL Summer 2012
Wiley Subscription Services, Inc
Blackwell Publishing Ltd
published in: International finance (Oxford, England) Vol. 15; no. 2; pp. 251 - 266
ORCID: 0000-0002-0904-3678
Data of publication: Summer 2012
ISSN: 1367-0271
1468-2362
EISSN: 1468-2362
Discipline: Business
Economics
Bibliography: The authors would like to thank two anonymous reviewers for helpful comments.
Subjects:
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2012
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Web of Science
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