International diversification and the Irish economy
Item Type:Journal Article
Citation:Lane, Philip R. 'International diversification and the Irish economy'. - Economic & Social Review, Vol. 31, No. 1, January, 2000, pp. 37-53, Dublin: Economic & Social Research Institute
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We take an initial step in investigating the international diversification of Irish production risk. We find evidence that Ireland displays some properties associated with international risksharing. These include: high gross stocks of foreign assets and liabilities; high international consumption correlations relative to output correlations; and pro-cyclical behaviour of the yield on net external liabilities.
Author: Lane, Philip R.
Publisher:Economic & Social Studies
Type of material:Journal Article
Availability:Full text available
Keywords:International diversification, Irish economy, Production risk, Risk diversification, Open economy, Ireland