A pedagogical note on risk sharing versus instability in international financial integration: when Obstfeld meets Stiglitz

DOI10.1007/S11079-018-9514-ZzbMath1407.91168OpenAlexW2751432658WikidataQ129099178 ScholiaQ129099178MaRDI QIDQ1723072

Raouf Boucekkine, Benteng Zou

Publication date: 19 February 2019

Published in: Open Economies Review (Search for Journal in Brave)

Full work available at URL: https://hal-amu.archives-ouvertes.fr/hal-01996294/file/A%20Pedagogical%20Note%20on%20Risk%20Sharing%20Versus%20Instability_2019.pdf

zbMATH Keywords

economic growthemerging marketsvolatilityrisk sharingfinancial liberalization

Mathematics Subject Classification ID

Economic growth models (91B62) Actuarial science and mathematical finance (91G99)

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• History's a curse: leapfrogging, growth breaks and growth reversals under international borrowing without commitment
• Short-run pain, long-run gain: the conditional welfare gains from international financial integration
• Capital controls and financial frictions in a small open economy

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