A Global Safe Asset for and from Emerging Market Economies
收藏NBER2018-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25373
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资源简介：
This paper examines how a newly designed global safe asset can mitigate international capital flows induced by flight-to-safety. In the model domestic investors have to co-invest in a safe asset along with their physical capital. At times of crisis, investors replace the initially safe domestic
提供机构：
美国国家经济研究局
创建时间：
2018-12-01
