Money Matters: Global banks, safe assets and monetary autonomy

This paper depicts an often neglected channel of transmission of monetary policy, namely international safety appetite, as an important source of production and risk-taking international monetary spillovers. The model features a local economy with exogenous financial frictions that lead firms to nee...

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Detalles Bibliográficos
Autor Principal: Florez-Orrego, Sergio
Formato: Desconocido (Unknown)
Lenguaje:Inglés (English)
Publicado: Universidad de los Andes, Facultad de Economía, CEDE 2021
Materias:
Acceso en línea:http://hdl.handle.net/1992/49764