A Crisis Transmission Channel for Reserve Currency Countries: A Cautionary Tale

被引：0
|
作者：
Victoria Miller
机构：
[1] Université du Québec à Montréal,Department of Economics
来源：
Open Economies Review | 2014年 / 25卷
关键词：
Currency crisis; Self-justifying bank runs; Bailouts; Insolvency; F3; G2;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
World financial markets have been in turmoil as investors grapple with the possibility that Greece and perhaps Italy, Ireland, Portugal and Spain will default on their debts. The 2011 downgrade of the S&P outlook for US debt to “negative” suggests that there may eventually be concerns that the US will go the way of Europe. The paper studies possible transmission effects of a crisis for reserve-currency debt which may occur via central bank holdings of reserve-currency debt.
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页码：809 / 818
页数：9
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