Arbeitspapier
Banks, Financial Markets and International Consumption Risk Sharing
In this paper we empirically explore how characteristics of the domestic financial system influence the international allocation of consumption risk using a sample of OECD countries. Our results show that the extent of risk sharing achieved does not depend on the overall development of the domestic financial system per se. Rather, it depends on how the financial system is organized. Specifically, we find that coun- tries characterized by developed financial markets are less exposed to idiosyncratic risk, whereas the development of the banking sector contributes little to the inter- national diversification of consumption risk.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0914
- Klassifikation
-
Wirtschaft
Financial Aspects of Economic Integration
Open Economy Macroeconomics
- Thema
-
International Risk Sharing
Financial Development
Financial System
Kapitalmarktregulierung
Marktintegration
Internationaler Finanzmarkt
Spillover-Effekt
OECD-Staaten
Weltwirtschaftsordnung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Leibrecht, Markus
Scharler, Johann
- Ereignis
-
Veröffentlichung
- (wer)
-
Johannes Kepler University of Linz, Department of Economics
- (wo)
-
Linz
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Leibrecht, Markus
- Scharler, Johann
- Johannes Kepler University of Linz, Department of Economics
Entstanden
- 2009
Ähnliche Objekte (12)
Banks, Financial Markets and International Consumption Risk Sharing
International Consumption Risk Sharing with Incomplete Goods and Asset Markets
International Consumption Risk Sharing with Incomplete Goods and Asset Markets
Risk Sharing through Financial Markets with Endogenous Enforcement of Trades
Risk sharing through financial markets with endogenous enforcement of trades
Financial markets and international risk sharing in emerging market economics
Risk Sharing in Labour Markets
Research Note on "International Consumption Risk Sharing with Incomplete Goods and Asset Markets"
Research Note on "International Consumption Risk Sharing with Incomplete Goods and Asset Markets"
International Consumption Risk Sharing and Monetary Policy
Government Size and International Consumption Risk Sharing
International Consumption Risk Sharing and Monetary Policy
Banks, Financial Markets and International Consumption Risk Sharing
International Consumption Risk Sharing with Incomplete Goods and Asset Markets
International Consumption Risk Sharing with Incomplete Goods and Asset Markets
Risk Sharing through Financial Markets with Endogenous Enforcement of Trades
Risk sharing through financial markets with endogenous enforcement of trades
Financial markets and international risk sharing in emerging market economics
Risk Sharing in Labour Markets
Research Note on "International Consumption Risk Sharing with Incomplete Goods and Asset Markets"
Research Note on "International Consumption Risk Sharing with Incomplete Goods and Asset Markets"
International Consumption Risk Sharing and Monetary Policy
Government Size and International Consumption Risk Sharing
International Consumption Risk Sharing and Monetary Policy
Banks, Financial Markets and International Consumption Risk Sharing
International Consumption Risk Sharing with Incomplete Goods and Asset Markets
International Consumption Risk Sharing with Incomplete Goods and Asset Markets
Risk Sharing through Financial Markets with Endogenous Enforcement of Trades
Risk sharing through financial markets with endogenous enforcement of trades
Financial markets and international risk sharing in emerging market economics
Risk Sharing in Labour Markets
Research Note on "International Consumption Risk Sharing with Incomplete Goods and Asset Markets"
Research Note on "International Consumption Risk Sharing with Incomplete Goods and Asset Markets"
International Consumption Risk Sharing and Monetary Policy
Government Size and International Consumption Risk Sharing