the near future. The research finds no evidence of large differences in the patterns of risk sharing for the 19 OECD …

worth, the evaporation of liquidity and rising risk premia are the key channels through which geopolitical uncertainty …

We argue that since there are several impediments to international risk sharing, the welfare gains from full … international risk sharing, which have been the object of analysis in the previous literature, are not suggestive. Instead, we study … the gains from feasible risk sharing and find that they are considerable (0:5% increase inpermanent consumption). Marginal …

market. Duopolistic banks can choose their levels of monitoring of firms and thus the levels of risk-taking, where the risk … costs of cross-border banking reduces aggregate output and increases risk-taking, thus harming consumers and taxpayers in …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk …