Central Banks as Dollar Lenders of Last Resort: Implications for Regulation and Reserve Holdings
收藏NBER2022-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30787
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资源简介：
This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than justified by their operating exposures. We begin by documenting that, in a panel of 53 countries, central bank holdings of dollar reserves are
提供机构：
美国国家经济研究局
创建时间：
2022-12-01
