Poverty risk is most marked for children, displaced persons and returnees, unemployed, and people with low education …

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 …

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 an unbalanced panel of 15 … euro area countries over the period 1979-2010, the results of the paper show that: (i) the effectiveness of risk sharing …

consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …

This study investigates the role of India's economy in explaining the observed growth in South Asia, taking into … India's bilateral trade and financial linkages with South Asian countries (SAC) are relatively weak, the paper analyses the … spillover effects by focusing on growth more generally with India's growth as an explanatory variable. The results of the panel …