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Author:Kraay, A.
Ventura, J.
Title:Trade integration and risk sharing
Journal:European Economic Review
2002 : JUN. VOL. 46:6, p. 1023-1048
Index terms:INTEGRATION
RISK
STOCK MARKETS
TRADING
TRANSPORT
VOLATILITY
Language:eng
Abstract:What are the effects of increased trade in goods and services on the trade balance? The authors study the effects of reducing transport costs in a Ricardian model with complete asset markets and find that this increases the volatility of the trade balance.
SCIMA record nr: 233730
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