00798nam0-22002771i-450 99000573468040332120230314180839.0000573468FED01000573468(Aleph)000573468FED0100057346819990530e19491944km-y0itay50------baengy-------001yy1.: Thales to Aristotleby Benjamin FarringtonHarmondsworthPenguin Books1944 (rep.1949)154 p.19 cmPelican books142Farrington,Benjamin<1891-1974>46702ITUNINARICAUNIMARCBK990005734680403321ARCH. PH 011 16ARCH. 10724FLFBCFLFBC1.: Thales to Aristotle571948UNINA03849oam 22010094 450 991078822650332120230721045726.01-4623-7190-61-282-84415-697866128441571-4527-7125-11-4518-7356-5(CKB)3170000000055353(SSID)ssj0000941833(PQKBManifestationID)11514420(PQKBTitleCode)TC0000941833(PQKBWorkID)10971666(PQKB)10106958(OCoLC)649706805(MiAaPQ)EBC1608835(IMF)WPIEE2009209(EXLCZ)99317000000005535320020129d2009 uf 0engurcn|||||||||txtccrInternational Risk Sharing During the Globalization Era /Akito Matsumoto, Robert Flood, Nancy MarionWashington, D.C. :International Monetary Fund,2009.38 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1778-3 Includes bibliographical references.Though theory suggests financial globalization should improve international risk sharing, empirical support has been limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing. We then take it to data and find international risk sharing has, indeed, improved during globalization. Improved risk sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect improved risk sharing-they focus only on risk sharing at the business cycle frequency.IMF Working Papers; Working Paper ;No. 2009/209GlobalizationFinancial riskFinance: GeneralimfMacroeconomicsimfMacroeconomics: ConsumptionimfSavingimfWealthimfAggregate Factor Income DistributionimfMacroeconomics: ProductionimfGeneral Financial Markets: General (includes Measurement and Data)imfFinanceimfConsumptionimfIncomeimfProduction growthimfPrivate consumptionimfEmerging and frontier financial marketsimfEconomicsimfProductionimfEconomic theoryimfFinancial services industryimfJapanimfGlobalization.Financial risk.Finance: GeneralMacroeconomicsMacroeconomics: ConsumptionSavingWealthAggregate Factor Income DistributionMacroeconomics: ProductionGeneral Financial Markets: General (includes Measurement and Data)FinanceConsumptionIncomeProduction growthPrivate consumptionEmerging and frontier financial marketsEconomicsProductionEconomic theoryFinancial services industryMatsumoto Akito1472697Flood Robert127224Marion Nancy617061International Monetary Fund.DcWaIMFBOOK9910788226503321International Risk Sharing During the Globalization Era3741569UNINA