Country Size, Currency Unions, and International Asset Returns
收藏NBER2012-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18057
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资源简介：
Differences in real interest rates across developed economies are puzzlingly large and persistent. I propose a simple explanation: Bonds issued in the currencies of larger economies are expensive because they insure against shocks that affect a larger fraction of the world economy. I show that
提供机构：
美国国家经济研究局
创建时间：
2012-05-01
