Title of article :
Discussionof‘‘Capitalmobilityandinternational
sharing ofcyclicalrisk
Author/Authors :
Mark Aguiar، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2013
Abstract :
This isacommenton‘‘Capitalmobilityandinternationalsharingofcyclicalrisk.’’The
commentfocusesontheauthors’choiceofportfolioadjustmentcostsinexplaining
limited internationalrisksharing.Thecommentraisestwomainissues.Oneisthat
investorsholdlargegrosspositionsthatvarysignificantlyinvalueoverthebusiness
cycle. Thesecondisthatitisdifficulttoidentifyportfolioadjustmentcostsfromtrade
costs withintheauthors’environment
Keywords :
International risksharingCapital flowsBusiness cycles
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
