interpretation of coefficients of partial risk sharing even when the 0 hypothesis of perfect risk sharing is rejected. The estimation …This paper examines the extent of consumption risk sharing for a group of 50 high-income and developing countries. The … results show that high-income countries exhibit higher degrees of risk sharing than developing countries, and that the gap …

Arab investors are more risk averse than investors elsewhere. Oil-exporting countries tend to invest more in debt assets …

'push' variables. Recursive estimation of the factor model reveals a rising trend in the exposure of countries' flows to the …

oversight of banks. The Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The report also … around the world (http://www.worldbank.org/en/research/brief/BRSS)"-- …

operational work, as well as on inputs from financial sector professionals and researchers both within and outside the World Bank …

much needed capital, expertise, and new technologies; and second, by enabling risk-sharing and diversification. But … Financial Development Report 2017/2018 is the fourth in a World Bank series. The report also tracks financial systems in more …