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What Makes US Government Bonds Safe Assets?

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NBER2016-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22017
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US government bonds are widely considered to be the worlds safe store of value. US government bonds are a large fraction of safe asset portfolios, such as the porfolios of many central banks. The world demand for safe assets leads to low yields on US Treasury bonds. During periods of economic
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2016-02-01
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