Regulating Capital Flows to Emerging Markets: An Externality View
收藏NBER2017-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24152
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资源简介：
We show that capital flows to emerging market economies create externalities that differ by an order of magnitude depending on the state-contingent payoff profile of the flows. Those with pro-cyclical payoffs, such as foreign currency debt, generate substantial negative pecuniary externalities
提供机构：
美国国家经济研究局
创建时间：
2017-12-01
