Symposium on international risk sharing: Introduction

摘要

This special symposium consists of a selection of papers that were presented at a conference on International Risk Sharing held at ECARES (Universite Libre de Bruxelles), in October 2010.~1According to standard theory, one of the central benefits of international financial markets is the possibility of reducing national consumption risk. A basic measure of risk sharing is hence the degree to which national consumption rates move in unison across countries.