Partial Consumption Insurance and Financial Openness Across the World

Partial Consumption Insurance and Financial Openness Across the World

This paper examines the extent of international consumption risk sharing for a group of 50 industrial and developing countries. The analysis is based on the empirical implementation of a model of partial consumption insurance whose parameters have...

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Bibliographic Details
Main Authors: Hevia, Constantino, Servén, Luis
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2013
Subjects:
AGENTS
APPLICATIONS
ASSET HOLDINGS
ASSET PORTFOLIOS
BANK LOANS
BONDS
BORROWING
BUSINESS CYCLES
CAPITAL CONTROLS
CAPITAL MOBILITY
CAPITAL MOVEMENTS
CONSUMERS
CONSUMPTION SMOOTHING
COUNTRY RISK
COUNTRY RISKS
DATA AVAILABILITY
DEBT
DEFAULT RISK
DEGREE OF RISK
DEGREES OF RISK
DERIVATIVES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DEVELOPMENT ECONOMICS
DISPOSABLE INCOME
DOMESTIC CREDIT
ECONOMETRICS
ECONOMICS
EMERGING ECONOMIES
ENFORCEABILITY
EQUITY PORTFOLIOS
FINANCIAL INTEGRATION
FINANCIAL OPENNESS
FOREIGN ASSET
FOREIGN ASSET POSITION
FOREIGN ASSETS
FOREIGN CAPITAL
FOREIGN DEBT
FOREIGN DIRECT INVESTMENT
FUTURE GROWTH
GLOBALIZATION
GROWTH RATE
GROWTH RATES
HOME COUNTRY
INCOME
INCOME GROUP
INCOME GROWTH
INCOME SHOCKS
INCOMES
INDUSTRIAL COUNTRIES
INDUSTRIAL COUNTRY
INNOVATION
INNOVATIONS
INSURANCE
INTEREST RATE
INTEREST RATES
INTERNATIONAL BANK
INTERNATIONAL BUSINESS
INTERNATIONAL CAPITAL
INTERNATIONAL ECONOMICS
INTERNATIONAL PORTFOLIO
INTERNATIONAL PORTFOLIOS
INVESTMENT ASSETS
LIABILITY
MARGINAL UTILITIES OF CONSUMPTION
PARTIAL RISK
PERMANENT INCOME HYPOTHESIS
POLITICAL ECONOMY
PORTFOLIO
PORTFOLIOS
PRIVATE SECTOR CREDIT
RISK AVERSION
RISK SHARING
STOCKS
TRADING
TRANSACTION
TRANSACTION COSTS
WORLD DEVELOPMENT INDICATORS
financial globalization
Online Access:http://documents.worldbank.org/curated/en/2013/06/17848808/partial-consumption-insurance-financial-openness-across-world
http://hdl.handle.net/10986/15840

Internet

http://documents.worldbank.org/curated/en/2013/06/17848808/partial-consumption-insurance-financial-openness-across-world
http://hdl.handle.net/10986/15840

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