When Liberal Policies Reflect External Shocks, What Do We Learn?
收藏NBER1996-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5727
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We present a model where policies of free capital mobility can signal governments' future policies, but the informativeness of the signal depends on the path of world interest rates. Capital flows to emerging markets reflect investors' perception of these markets' political risk. With low world
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美国国家经济研究局创建时间：
1996-08-01
