Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
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In this paper we connect the events of the last twelve months, "The Panic of 2008" as it has been called, to the demand for international reserves. In previous work, we have shown that international reserve demand can be rationalized by a central bank's desire to backstop the broad money supply to
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美国国家经济研究局创建时间：
2009-03-01
