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...

Full description

Autores:
Florez-Orrego, Sergio
Tipo de recurso:
Work document
Fecha de publicación:
2021
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/49764
Acceso en línea:
http://hdl.handle.net/1992/49764
Palabra clave:
Global currencies
Monetary policy spillovers
Exorbitant privilege
E42, E44, E52, E63, F42, F44
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/