Capital Flows and the Global Collateral Cycle
收藏NBER2019-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25583
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Cross-country disparities in collateral technologies alone can account for large capital flows among mature economies, and allow the most advanced country to run a permanent trade deficit. When the collateral technology advantage is in creating negative beta (super safe) financial assets backed by
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美国国家经济研究局创建时间：
2019-02-01
