Fujiki, Hiroshi; Terada-Hagiwara, Akiko - Federal Reserve Bank of San Francisco - 2007
-investment correlation is higher than those of in Euro area economies. Third, the degrees of smoothing of idiosyncratic shock by cross …-holding of financial assets are lower than Euro area economies. Those results suggest two policy implications. First, there …-investment correlation is higher than those of in Euro area
economies. Third, the degrees of smoothing of idiosyncratic shock by cross …