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...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2021.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2021/254 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |