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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Formato: | Desconocido (Unknown) |
Lenguaje: | Inglés (English) |
Publicado: |
Universidad de los Andes, Facultad de Economía, CEDE
2021
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Materias: | |
Acceso en línea: | http://hdl.handle.net/1992/49764 |