Burger, John D.; Rebucci, Alessandro; Warnock, Francis E.; … - 2010
This paper assesses the extent to which a country s external capital structure can aid in mitigating the macroeconomic … (Jamaica) and an oil exporter (Trinidad and Tobago). From a risk-sharing perspective, a desirable external capital structure is … external shocks. It is found that both countries could alter their international portfolio to provide a better buffer against …