Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds
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https://www.nber.org/papers/w16392
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资源简介:
This paper presents a model comparing the degree of asset class diversification abroad by a central bank and a sovereign wealth fund. We show that if the central bank manages its foreign asset holdings in order to meet balance of payments needs, particularly in reducing the probability of sudden
提供机构:
美国国家经济研究局
创建时间:
2010-09-01



