International Diversification and the Irish Economy
Economics Technical Papers from Trinity College Dublin, Economics Department
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)
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Journal Article: International Diversification and the Irish Economy (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduet:9811
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