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Potential Welfare Gains from Risk Sharing
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APEC APEC's Asdrubali and Kim ASEM Asian and OECD autarky Bogor business cycles Chan-Hyun Sohn Chang-Soo Lee China coefficient complete markets consumption and output consumption growth rate correlation with OECD correlation within East crisis period cross-country consumption correlation degree of risk domestic East Asia East Asian countries equation Exchange Rate financial integration Foreign Direct Investment Gains from Risk gains within East Global Risk Sharing Hong Kong Hyungdo Ann income Indonesia and Malaysia Inkyo Cheong INTERNATIONAL ECONOMIC POLICY Japan June-Dong Kim Junsok KIEP Korea University Kwanho Shin monetary union numbers OECD countries output correlation output growth rates output shocks percent perfect risk sharing Philippines potential risk sharing potential welfare gains region regression analysis risk aversion risk sharing gains Seocho-Gu Seoul Sharing in East sharing within East Shin and Yunjong Soon-Chan Park sub-periods Sunghyun H Taiwan and Singapore Thailand Yung Chul Park Yunjong Wang