Exchange Rates and Financial Fragility
收藏NBER1999-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7418
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In this paper we analyze three views of the relationship between the exchange rate and financial fragility: (1) the moral hazard hypothesis, according to which pegged exchange rates offer implicit insurance against exchange risk and thereby encourage reckless borrowing and lending; (2) the original
本文针对汇率与金融脆弱性之间的关联，剖析三类研究视角：
（1）道德风险假说：该假说认为，固定汇率制可为汇率风险提供隐性保险，进而助长不计后果的借贷行为；
（2）原生
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美国国家经济研究局创建时间：
1999-11-01
