by global banks. Evidence suggests that investment fund flows enhance risk-sharing across borders and provide emerging … particularly sensitive to global risk shocks such as tightening US dollar funding conditions relative to their active fund …

-border lending by global banks. Evidence suggests that investment fund flows enhance risk-sharing across borders and provide emerging … particularly sensitive to global risk shocks such as tightening US dollar funding conditions relative to their active fund …

markets world-wide gained importance during the post-crisis "second phase of global liquidity" (Shin, 2013). The analysis …

financial markets world-wide gained importance during the post-crisis "second phase of global liquidity" (Shin, 2013). The …

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 …