Global Financial Cycle and Liquidity Management
收藏NBER2020-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27901
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资源简介：
We use a tractable model to show that emerging markets can protect themselves from the global financial cycle by expanding (rather than restricting) capital flows. This involves accumulating reserves when global liquidity is high to buy back domestic assets at a discount when global financial
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
