Demyanyk, Yuliya; Ostergaard, Charlotte; Sorensen, Bent E. - Directorate-General Economic and Financial Affairs, … - 2008
and the European Economic and Monetary Union (EMU) has increased since the adoption of the euro. We ask: Have the recent … assets? Do investments in EMU countries provide more or less risk sharing per euro invested compared to investments in non … euro, our results are tentative, but they indicate that the monetary union has facilitated risk sharing, although the level …