We Are Not in a Gaussian World Anymore: Implications for the Composition of Official Foreign Assets
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https://www.nber.org/papers/w33366
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资源简介：
In the aftermath of the 1997-98 Asian crises, many emerging markets self-insured by accumulating international reserves (i.e., non-contingent assets) in excess of what many models predicted, while relying relatively little on state-contingent assets. This apparent over-reliance on self-insurance has
提供机构：
美国国家经济研究局
创建时间：
2025-01-01
