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Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis

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NBER2010-09-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w16260
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This paper evaluates how the global financial crisis emanating from the U.S. was transmitted to emerging markets. Our focus is on the extent that the crisis caused external market pressures (EMP), and whether the absorption of the shock was mainly through exchange rate depreciation or the loss of
提供机构:
美国国家经济研究局
创建时间:
2010-09-01
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