In a recently published working paper2, we present fresh evidence on international risk sharing through capital markets in the euro area for the period from 2000 to early 2021.3 The study shows empirical evidence on the aggregate evolution of risk sharing in the euro area across time, as well as results of the analysis of the geographical patterns of risk sharing in the euro area and the importanc. [...] The shares are computed on the basis of the cumulative impact of the shock on the variables capturing each channel for the two years after the shock. [...] Notes: The blue line indicates the share of the total idiosyncratic shocks that is smoothed via the capital channel in the euro area sample of 10 countries overall, whereas the bars show the part that is smoothed intra-regionally (i.e. [...] The shares are computed on the basis of the cumulative impact of the shock on the variables capturing the capital channel for the two years after the shock. [...] The shares are computed on the basis of the cumulative impact of the shock on the variables capturing the capital channel for the two years after the shock.
Authors
- Pages
- 7
- Published in
- Austria
