Dollar Safety and the Global Financial Cycle
收藏NBER2020-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27682
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资源简介：
We develop a model of the global financial cycle with one key ingredient: the international demand for safe dollar assets. The model matches patterns of dollar borrowing and currency mismatch, the U.S. external balance sheet, exorbitant privilege, spillovers of the U.S. monetary policy to the rest
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美国国家经济研究局创建时间：
2020-08-01
