Detail International Diversification of Social and Private Risk : The U. S. and Japan   Oleh:  Golub, Stephen S. Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 6 no. 3 (1994), page 263-284. Topik: diversification; international diversification; social; private risk Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper concerns the gains from international trade in risky assets, with an application to the United States and Japan. I examine the role of international financial markets in diversifying the risks associated with the aggregate consumption opportunities of a nation (social risk) and the risks related to individual agents' consumption opportunities (private risk). The main empirical result is that international portfolio diversification between the United States and Japan leads to small reductions in social risk but large reductions in some private risks, especially for corporate profits. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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