In order to answer the question whether more integrated financial markets are characterized by less International Risk … for financial integration, and the International Risk Sharing in consumption. Using panel-data regressions for 21 OECD … international income flows, is associated with more International Risk Sharing. Much of the increase in international asset …

idiosyncratic entrepreneurial risk-- a risk that introduces, not only a precautionary motive for saving, but also a wedge between …

international portfolio investments, such as relative market liquidity and relative risk characteristics of assets, are also …

assets matter for the exchange rate sensitivity to changes in global financial market risk tolerance, where debt financing … relationship between banking sector risk intolerance, net external asset positions and exchange rates has, moreover, become …

How does sovereign risk affect investors' behavior? We answer this question using a novel database that combines … mutual funds. We first show that changes in yields do not fully compensate investors for additional sovereign risk, so that … bond funds reduce their exposure to a country's assets when its sovereign default risk increases. However, the magnitude of …