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• W2238402583 abstract "Abstract We estimate channels of international risk sharing between European Monetary Union (EMU), European Union, and other OECD countries, 1992–2007. We focus on risk sharing through savings, factor income flows, and capital gains. Risk sharing through factor income and capital gains was close to zero before 1999 but has increased since then. Risk sharing from capital gains, at about 6%, is higher than risk sharing from factor income flows for European Union countries and OECD countries. Risk sharing from factor income flows is higher for euro zone countries, at 14%, reflecting increased international asset and liability holdings in the euro area." @default.
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• W2238402583 date "2012-05-01" @default.
• W2238402583 modified "2023-10-02" @default.
• W2238402583 title "Risk sharing through capital gains" @default.
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• W2238402583 doi "https://doi.org/10.1111/j.1540-5982.2012.01702.x" @default.
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