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International liquidity rents (English)

Abstract

This paper presents a model of global liquidity shortages. Liquid claims are enforceable promises that play a transaction role. Since developed economies have a comparative advantage in creating liquidity, they export liquid claims to emerging economies... See More +

Details

  • Eden, Maya;
  • 2013/05/01
  • Policy Research Working Paper
  • WPS6462
  • 1 of 1
  • World
  • The World Region
  • 2013/05/01
  • International liquidity rents
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