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Financial Flows and the International Monetary System

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NBER2015-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21172
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资源简介:
We review the findings of the literature on the benefits of international financial flows and find that they are quantitatively elusive. We then present evidence on the existence of a global cycle in gross cross border flows, asset prices and leverage and discuss its impact on monetary policy
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2015-05-01
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