Read International Liquidity Illusion

International Liquidity Illusion

Ricardo J. Caballero

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Description:(Cont.) Most importantly, this dollar cost of capital reduction does not reflect a true increase in the country's international liquidity during the external crisis and reversal, as would be the case with a successful sterilization, but just a decline in domestic private liquidity. The impact of the latter on relative asset prices creates a sort of"international liquidity illusion" which fosters rather than depress aggregate demand, andexacerbates short term capital inflows. Keywords: Capital flows, sterilization policy, monetary policy, financial constraints, balance sheets, excessive leverage, short term capital flows, debt maturity, quasi-fiscal deficit, soverign risk, illiquidityWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with International Liquidity Illusion. To get started finding International Liquidity Illusion, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 48

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: 2001

ISBN: ZvWyAAAAIAAJ

Description: (Cont.) Most importantly, this dollar cost of capital reduction does not reflect a true increase in the country's international liquidity during the external crisis and reversal, as would be the case with a successful sterilization, but just a decline in domestic private liquidity. The impact of the latter on relative asset prices creates a sort of"international liquidity illusion" which fosters rather than depress aggregate demand, andexacerbates short term capital inflows. Keywords: Capital flows, sterilization policy, monetary policy, financial constraints, balance sheets, excessive leverage, short term capital flows, debt maturity, quasi-fiscal deficit, soverign risk, illiquidityWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with International Liquidity Illusion. To get started finding International Liquidity Illusion, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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International Liquidity Illusion

International Liquidity Illusion

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