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...
- 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/