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The Euro Area Crisis

The Euro Area Crisis »

Source: The Euro Area Crisis : Need for a Supranational Fiscal Risk Sharing Mechanism?

Volume/Issue: 2013/198

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2013

ISBN: 9781484334201

Keywords: risk sharing, consumption smoothing, fiscal union, moral hazard, banking crises, moral hazard problems, private consumption, Financial Aspects of Economic Integration, Open Economy Macroeconomics,

The aim of this paper is to assess the effectiveness of risk sharing mechanisms in the euro area and whether a supranational fiscal risk sharing mechanism could insure countries against very severe downturns. Using...

International Risk Sharing and Currency Unions

International Risk Sharing and Currency Unions »

Source: International Risk Sharing and Currency Unions : The CFA Zones

Volume/Issue: 2005/95

Series: IMF Working Papers

Author(s): Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

ISBN: 9781451861143

Keywords: Capital Market, Consumption Smoothing, International Risk Sharing, free capital flows, stock exchange, International Monetary Arrangements and Institutions, International Factor Movements and International Business,

This paper explores income and consumption smoothing patterns among the member countries of each of the CFA zones-the CEMAC2 and the WAEMU3-during the period 1980-2000. I find that for the CEMAC, only about 15 perc...

Cross-country Consumption Risk Sharing, a Long-run Perspective

Cross-country Consumption Risk Sharing, a Long-run Perspective »

Source: Cross-country Consumption Risk Sharing, a Long-run Perspective

Volume/Issue: 2010/64

Series: IMF Working Papers

Author(s): Zhaogang Qiao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982084

Keywords: Consumption risk sharing, Intertemporal smoothing, Nonstationary panel analysis, Cointegration, risk sharing, equation, time series, statistic, Macroeconomics and Monetary Economics: General, International Economics: General,

This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing li...

The Euro Area Crisis
			: Need for a Supranational Fiscal Risk Sharing Mechanism?

The Euro Area Crisis : Need for a Supranational Fiscal Risk Sharing Mechanism? »

Volume/Issue: 2013/198

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 September 2013

DOI: http://dx.doi.org/10.5089/9781484334201.001

ISBN: 9781484334201

Keywords: risk sharing, consumption smoothing, fiscal union, moral hazard, banking crises, moral hazard problems, private consumption, Financial Aspects of Economic Integration, Open Economy Macroeconomics,

The aim of this paper is to assess the effectiveness of risk sharing mechanisms in the euro area and whether a supranational fiscal risk sharing mechanism could insure countries against very severe downturns. Using...

International Risk Sharing and Currency Unions
			: The CFA Zones

International Risk Sharing and Currency Unions : The CFA Zones »

Volume/Issue: 2005/95

Series: IMF Working Papers

Author(s): Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

DOI: http://dx.doi.org/10.5089/9781451861143.001

ISBN: 9781451861143

Keywords: Capital Market, Consumption Smoothing, International Risk Sharing, free capital flows, stock exchange, International Monetary Arrangements and Institutions, International Factor Movements and International Business,

This paper explores income and consumption smoothing patterns among the member countries of each of the CFA zones-the CEMAC2 and the WAEMU3-during the period 1980-2000. I find that for the CEMAC, only about 15 perc...

Cross-country Consumption Risk Sharing, a Long-run Perspective

Cross-country Consumption Risk Sharing, a Long-run Perspective »

Volume/Issue: 2010/64

Series: IMF Working Papers

Author(s): Zhaogang Qiao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982084.001

ISBN: 9781451982084

Keywords: Consumption risk sharing, Intertemporal smoothing, Nonstationary panel analysis, Cointegration, risk sharing, equation, time series, statistic, Macroeconomics and Monetary Economics: General, International Economics: General,

This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing li...