risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among … different groups of countries and examine how international financial integration has affected the evolution of risk sharing … patterns. Using a variety of empirical techniques, we conclude that there is at best a modest degree of international risk …

Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and … lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign … economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other …