Financial Crises, Dollarization, and Lending of Last Resort in Open Economies
收藏NBER2017-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23984
下载链接
链接失效反馈官方服务：
资源简介：
Foreign currency borrowing is perceived as a source of financial instability in emerging markets. We propose a theory where liability dollarization arises from an insurance motive of domestic savers. Because financial crises are associated with currency depreciations, savers are reluctant to hold
提供机构：
美国国家经济研究局
创建时间：
2017-11-01
