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The Economics of Currency Risk

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NBER2020-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27847
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资源简介:
This article reviews the literature on currency and country risk with a focus on its macroeconomic origins and implications. A growing body of evidence shows countries with safer currencies enjoy persistently lower interest rates and a lower required return to capital. As a result, they accumulate
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2020-09-01
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