Safe Asset Demand, Global Capital Flows and Wealth Concentration /

The US economy is often referred to as the "banker to the world," due to its unique role in supplying global reserve assets and funding foreign risky investment. This paper develops a general equilibrium model to analyze and quantify the contribution of this role to rising wealth concentra...

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Detalles Bibliográficos
Autor principal: Kim, Taehoon
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2021.
Colección:IMF Working Papers; Working Paper ; No. 2021/254
Materias:
Acceso en línea:Full text available on IMF