Global Financial Cycle and Liquidity Management
收藏NBER2020-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27901
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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
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美国国家经济研究局创建时间：
2020-10-01
