Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism
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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
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美国国家经济研究局创建时间：
2007-05-01
