Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate
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下载链接：
https://www.nber.org/papers/w23341
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资源简介：
We document a new international stylized fact describing the relationship between real exchange rates and external asset holdings. Economists have long argued that the real exchange rate is associated with the net international investment position, appreciating as external wealth increases. This
提供机构：
美国国家经济研究局
创建时间：
2017-04-01
