Reserve Accumulation, Macroeconomic Stabilization, and Sovereign Risk
收藏NBER2020-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27323
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资源简介：
In the past three decades, governments in emerging markets have accumulated large amounts of international reserves, especially those with fixed exchange rates. This paper proposes a theory of reserve accumulation that can account for these facts. Using a model of endogenous sovereign default with
提供机构：
美国国家经济研究局
创建时间：
2020-06-01
