Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria
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下载链接：
https://www.nber.org/papers/w10827
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资源简介：
Exchange rate policies depend on portfolio choices, and portfolio choices depend on anticipated exchange rate policies. This opens the door to multiple equilibria in policy regimes. We construct a model in which agents optimally choose to denominate their assets and liabilities either in domestic or
提供机构：
美国国家经济研究局
创建时间：
2004-10-01
