Pooling Risk Among Countries

Pooling Risk Among Countries
In this paper, we identify the groups of countries where international risk-sharing opportunities are most attractive. We show that the bulk of risk-sharing gains can be achieved in groups consisting of as few as seven members, and that further marginal benefits quickly become negligible. For many such small groups, the welfare gains associated... READ MORE...

Publication date: June 2007
ISBN 9781451866964
$18.00

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