EMU Stability: Direct and Indirect Risk Sharing
نویسندگان
چکیده
منابع مشابه
Risk-sharing networks and farsighted stability
Evidences suggest that in some villages of developing countries, agents rely on mutual insurance agreements to deal with income or expenditure shocks. In this paper we analyze which risk-sharing networks can be sustained in the long run when individuals are farsighted rather than myopic, in the sense that they are able to forecast how other agents would react to their actions. In particular, we...
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2017
ISSN: 0923-7992,1573-708X
DOI: 10.1007/s11079-017-9462-z