Financial Intermediation, International Risk Sharing, and Reserve Currencies

I model the equilibrium risk sharing between countries with varying financial development The most financially developed country takes greater risks because its financial intermediaries deal with funding problems better. In good times, the more financially developed country consumes more and runs a...

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Vydáno v:	The American economic review Ročník 107; číslo 10; s. 3038 - 3071
Hlavní autor:	Maggiori, Matteo
Médium:	Journal Article
Jazyk:	angličtina
Vydáno:	Nashville American Economic Association 01.10.2017
Témata:	Compensation Crises Currency Developed countries Economic crisis Economic development Economic models Financial intermediaries Financial liabilities Financiers International finance International trade Investment risk Money Net worth Public debt Reserve currencies Risk Risk sharing Sharing Spreading risk Wealth
ISSN:	0002-8282, 1944-7981
On-line přístup:	Získat plný text
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