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International Diversification and the Irish Economy

Philip Lane

Economics Technical Papers from Trinity College Dublin, Economics Department

Abstract: We take an initial step in investigating the international diverisfication of Irish production risk. We find evidence that Ireland displays some properties associated with international risk sharing. These include: high cross stocks of foreign assets and liabilities; high international consumption correlations relative to output correlations; and procyclical behaviour of the rate of return on net external liabilities.

JEL-codes: E44 F36 F41 (search for similar items in EconPapers)
Date: 1998
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Journal Article: International Diversification and the Irish Economy (2000) Downloads
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