International Reserve Management under Rollover Crises
收藏NBER2024-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32393
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资源简介：
This paper investigates how a government should manage international reserves when it faces the risk of a rollover crisis. We ask, should the government accumulate reserves or reduce debt to make itself less vulnerable? We show that the optimal policy entails initially reducing debt, followed by a
提供机构：
美国国家经济研究局
创建时间：
2024-05-01
