Kurs:Regional Risk
Lfd. | Titel | Abstract | Bewertung |
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1 | A Atkeson, T Bayoumi - Open Economies Review, 1993: Do private capital markets insure regional risk? Evidence from the United States and Europe | A striking feature of international economic relations is the limited extent of intertemporal
trade and risk-sharing among nations. This paper uses data on consumption, income, and production from regions of the United States to address the question of whether the limited ... |
165 citations |
2 | MJ Crucini - Review of Economics and Statistics, 1999: On international and national dimensions of risk sharing | 141 citations | |
3 | E Van Wincoop - European Economic Review, 1995: Regional risksharing | ||
4 | J Mélitz, F Zumer - Carnegie-Rochester Conference Series on Public …, 1999: Interregional and international risk-sharing and lessons for EMU | How much risk-sharing takes place between regions within countries, between countries
internationally, and what are the lessons for EMU? We study these questions based on regional data from the US, Canada, the UK, and Italy, and national data from an ... |
162 citations |
5 | J Hagen, GW Hammond - The Manchester School, 1998: Regional insurance against asymmetric shocks: An empirical study for the European Community | The loss of the exchange rate as an independent policy instrument implied by European
monetary union calls for an insurance scheme as a bu¡ er against asymmetric shocks. We study the performance of such a system using historical data. A reasonable insurance ... |
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6 | GD Hess, K Shin - Journal of Monetary Economics, 2000: Risk sharing by households within and across regions and industries | Cochrane (1991, Journal of Political Economy 99, 957–976) and Mace (1991, Journal of
Political Economy 99, 928–956) test if risk sharing across households is complete in the sense that household consumption moves one-for-one with aggregate consumption. In ... |
42 citations |
7 | BE Sorensen, O Yosha - 1997: Income and Consumption Smoothing Among US States: Regions or Clubs? | We measure the amount of income insurance and cross-sectional consumption smoothing
(lending and borrowing) achieved within subgroups of states, such as regions or clubs, eg the club of rich states. We find that there is as much income insurance between, as well as ... |
18 citations |