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Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism

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NBER2007-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13123
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Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign reserves grew very rapidly during this period, and hence it is often argued that we live in the era of a New Merchantilism in which large stocks of reserves are a war-chest for
提供机构:
美国国家经济研究局
创建时间:
2007-05-01
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