Risk sharing through capital gains
By: Faruk Balli, Sebnem Kalemli-Ozcan, Bent Sorensen
Contributors: Kalemli-Ozcan, Sebnem; Sørensen, Bent; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17612; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17612.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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 percent, 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 percent, reflecting increased international asset and liability holdings in the Euro area"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 1/17/2012.

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