Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19480 
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dc.contributor.authorvon Furstenberg, George M.en
dc.date.accessioned2009-01-28T15:58:51Z-
dc.date.available2009-01-28T15:58:51Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/19480-
dc.description.abstractWhen countries, and macroeconomic models, open up to international capital markets, the welfare gains available through completion of financial markets for contingencies potentially are much greater than those available from access to noncontingent international borrowing. Intercasual insurance, reducing exposure to differences in contingent future cases, and not intertemporal smoothing between now and then is the big story in open economies although the two must be told together.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2004,13en
dc.subject.jelF36en
dc.subject.jelG22en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordConsumption Smoothingen
dc.subject.keywordInternational Economic Insuranceen
dc.subject.keywordArrow-Debreu Securitiesen
dc.subject.keywordForeign Loansen
dc.subject.keywordInternational Risk Sharingen
dc.subject.stwVersicherungen
dc.subject.stwinternationalen
dc.subject.stwInternationale Anleiheen
dc.subject.stwGesamtwirtschaftlicher Konsumen
dc.subject.stwZeitpräferenzen
dc.subject.stwRisikoen
dc.subject.stwWohlfahrtseffekten
dc.subject.stwTheorieen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.subject.stwrisk sharingen
dc.titleConsumption Smoothing Across States and Time: International Insurance vs. Foreign Loans-
dc.typeWorking Paperen
dc.identifier.ppn391525301en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:2158en

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