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Triffin: dilemma or myth?

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NBER2018-01-01 更新2025-01-04 收录
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Triffin gained enormous influence by reviving the interwar story that gold scarcity threatened deflation. In particular, he held that central banks needed to accumulate claims on the United States to back money growth. But the claims would eventually surpass the US gold stock and then central banks

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2018-01-01
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