Consumption Smoothing Across States and Time: International Insurance vs. Foreign Loans

57 Pages Posted: 8 Jun 2016

Multiple version iconThere are 2 versions of this paper

Date Written: 2004

Abstract

When countries, and macroeconomic models, open up to international capital markets,

Keywords: Consumption Smoothing, International Economic Insurance, Arrow-Debreu Securities, Foreign Loans, International Risk Sharing

JEL Classification: F36, G22, E21

Suggested Citation

von Furstenberg, George M., Consumption Smoothing Across States and Time: International Insurance vs. Foreign Loans (2004). Bundesbank Series 1 Discussion Paper No. 2004,13. Available at SSRN: https://ssrn.com/abstract=2785058

George M. Von Furstenberg (Contact Author)

Indiana University ( email )

Department of Economics
Wylie Hall, Indiana University
Bloomington, IN 47405-6620
United States
812-856-1382 (Phone)
812-855-3736 (Fax)

HOME PAGE: http://mypage.iu.edu/~vonfurst/

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