International risk sharing is better than you think, or exchange rates are too smooth
Article Abstract:
Importance of international risk sharing with exchange rate volatility in the capital market is discussed. Effect of exchange rates on the local and foreign discount factors is presented.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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Competitive risk sharing contracts with one-sided commitment
Article Abstract:
Impact of decreasing commitment and increasing competition on risk sharing in long-term contracts, using dynamic equilibrium, is analyzed.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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U.S. real exchange rate fluctuations and relative price fluctuations
Article Abstract:
Impact of real exchange rate fluctuations on the prices of nontraded goods in bilateral trades of the United States are discussed.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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