Series: IMF Working Papers
Author(s): Marco Terrones , Ayhan Kose , and Eswar Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2007
Keywords: risk sharing, emerging markets, financial globalization,
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk...