Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
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下载链接：
https://www.nber.org/papers/w29457
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资源简介：
We develop a theory of exchange rate fluctuations arising from financial institutions demand for dollar liquid assets. Financial flows are unpredictable and may leave banks scrambling for dollars. Because of settlement frictions in interbank markets, a precautionary demand for dollar reserves
提供机构：
美国国家经济研究局
创建时间：
2021-11-01
