International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
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During the booms that precede crises in emerging economies, policy makers often struggle to limit capital flows and their expansionary consequences. The main policy tool for this task is sterilization - essentially a swap of international reserves for public bonds. However, there is an extensive
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美国国家经济研究局创建时间：
2000-06-01
