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Financial Globalization: Risk Sharing or Risk Exposure?

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NBER2026-01-01 更新2026-01-24 收录
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https://www.nber.org/papers/w34689
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We study how the increased cross-country ownership of financial assets between advanced and emerging economies impacted their financial and macroeconomic volatility. While cross-country ownership improved risk-sharing and reduced volatility associated with financial crises, it also increased the
提供机构:
美国国家经济研究局
创建时间:
2026-01-01
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