지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2011.1
- 수록면
- 551 - 574 (24page)
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What impact has financial globalization had on risk sharing? In theory, financial globalization should improve international consumption risk sharing. While the answer to this question is of utmost policymaking concern, results in the empirical literature are inconclusive. The paper surveys the extant literature and tries to identify which factors influence the answer: i) consumption risk sharing seems to have increased among industrialized countries but much less in the emerging world. ii) The increase in risk sharing is generally found to be stronger in studies that focus on the trends rather than purely cyclical variation in the data. iii) globalization has not only affected consumption responses to output shocks but also the structure of these shocks themselves. This, in turn, has affected the measurement of risk sharing. The paper examines the relevance of these points on a sample of East Asian Economies. My results indicate that risk sharing in East Asia has started to increase once the region had recovered from the Asian crisis.
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참고문헌 (41)
참고문헌 신청
Kalemli-Ozcan, Sebnem / 2003 / Risk Sharing and Industrial Specialization: Regional and International Evidence / American Economic Review 93(3):903~918
Kalemli-Ozcan, Sebnem / 2005 / Asymmetric Shocks and Risk Sharing in a Monetary Union: Updated Evdiecne and Policy Implications for Europe, In The Internationalisation of Asset Ownership in Europe / Cambridge University Press
Kim, Soyoung / 2009 / Emerging Asia: Decoupling or Recoupling
Kim, Soyoung / 2004 / Regional versus Global Risk Sharing in East Asia / Asian Economic Papers 3(3):182~201
200603 / Financial integration and consumption risk sharing in East Asia / JAPAN AND THE WORLD ECONOMY 18(2):143~157
Kalemli-Ozcan, Sebnem / 2005 / Asymmetric Shocks and Risk Sharing in a Monetary Union: Updated Evdiecne and Policy Implications for Europe, In The Internationalisation of Asset Ownership in Europe / Cambridge University Press
Kim, Soyoung / 2009 / Emerging Asia: Decoupling or Recoupling
Kim, Soyoung / 2004 / Regional versus Global Risk Sharing in East Asia / Asian Economic Papers 3(3):182~201
200603 / Financial integration and consumption risk sharing in East Asia / JAPAN AND THE WORLD ECONOMY 18(2):143~157
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