Financial Stability, the Trilemma, and International Reserves
收藏NBER2008-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14217
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资源简介：
The rapid growth of international reserves---a development concentrated in the emerging markets---remains a puzzle. In this paper we suggest that a model based on financial stability and financial openness goes far toward explaining reserve holdings in the modern era of globalized capital markets.
提供机构：
美国国家经济研究局
创建时间：
2008-08-01
