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A Model of the International Monetary System

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NBER2016-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22295
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资源简介:
We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve assets; a gold exchange standard vs. a floating rate
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2016-05-01
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