The Safe Assets Shortage Conundrum
A safe asset is a simple debt instrument that is expected to preserve its value during adverse systemic events. The supply of safe assets, private and public, has historically been concentrated in a small number of advanced economies, most prominently the United States. Over the last few decades, wi...
| Main Authors: | , , |
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| Format: | Article |
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American Economic Association
2018
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| Online Access: | http://hdl.handle.net/1721.1/113836 https://orcid.org/0000-0003-2760-451X |