International Diversification and the Irish Economy

We take an initial step in investigating the international diverisfication of Irish production risk. We find evidence that Ireland displays some properties associated with international risk sharing. These include: high cross stocks of foreign assets and liabilities; high international consumption correlations relative to output correlations; and procyclical behaviour of the rate of return on net external liabilities.

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Year of publication:	1998
Authors:	Lane, Philip
Institutions:	Department of Economics, Trinity College Dublin

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Extent:	application/pdf
Series:	Economics Technical Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	E44 - Financial Markets and the Macroeconomy ; F36 - Financial Aspects of Economic Integration ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005170654