better risk sharing outcomes during the recent period of globalization. Developing countries have, by and large, been shut …In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among …

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different … a variety of empirical techniques, we conclude that there is at best a modest degree of international risk sharing, and …

wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and … financial integration would have been expected to result in better risk-sharing opportunities, especially for developing …