International Risk Sharing and Financial Integration

The course aims to provide an advanced knowledge on international and intercountry risk sharing. Precisely, it deals with choices under uncertainty and insurance mechanisms in international financial markets. Modern economics has raised a new and deeper attention to the issue of risk management, precisely, on how to cope with (to become resilient to) risk and absorb idiosyncratic shocks through risk sharing. It represents a great change on the point of view from which economists study and interpret economic phenomena and, consequently, design policy actions.