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Geoeconomic Competition and Capital Reallocation in Global FX Funding

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NBER2026-03-01 更新2026-03-14 收录
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We study geoeconomic competition and capital reallocation in global financial markets, using the foreign exchange (FX) funding market as our empirical setting. FX funding, obtained by borrowing one currency while pledging another through FX swaps, is instrumental to cross-border investment and

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2026-03-01
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