The flight to safety and international risk sharing (Record no. 527485)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01470nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240902b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Kekre, Rohan and Lenel, Moritz |
| 245 ## - TITLE STATEMENT | |
| Title | The flight to safety and international risk sharing |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The American Economic Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 114(6), Jun, 2024: p. 1650-1691 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | We study a business cycle model of the international monetary system featuring a time varying demand for safe dollar bonds, greater risk-bearing capacity in the United States than the rest of the world, and nominal rigidities. A flight to safety generates a dollar appreciation and decline in global output. Dollar bonds thus command a negative risk premium, and the United States holds a levered portfolio of capital finances in dollars. We quantify the effects of safety shocks and heterogeneity in risk-bearing capacity for global macroeconomic volatility, US external adjustment, and policy transmission, as of dollar swap lines.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20211319 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Flight to Safety, International Monetary System, Safe Dollar Bonds, Risk-Bearing Capacity, Dollar Appreciation, Global Output Decline, Negative Risk Premium, Leveraged Capital Portfolio, Safety Shocks, Macroeconomic Volatility, US External Adjustment, Policy Transmission, Dollar Swap Lines |
| 9 (RLIN) | 57691 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The American Economic Review |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | INTERNATIONAL TRADE |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-09-02 | 114(6), Jun, 2024: p. 1650-1691 | AR132926 | 2024-09-02 | Articles |