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The financial crisis that began in the summer of 2007 caused notable changes in the composition of U.S. cross-border financial flows, especially in the fall of 2008, when the crisis intensified. This article documents three major channels through which financial flows and associated portfolio...
Persistent link: https://www.econbiz.de/10011027122
The financial crisis that began in the summer of 2007 caused notable changes in the composition of U.S. cross-border financial flows, especially in the fall of 2008, when the crisis intensified. This article documents three major channels through which financial flows and associated portfolio...
Persistent link: https://www.econbiz.de/10008624633
Persistent link: https://www.econbiz.de/10005512656
Persistent link: https://www.econbiz.de/10005520081
This paper addresses the impact of monetary policy on exchange rates during financial crises. Some observers have argued that a tightening of monetary policy is necessary to stabilize the exchange rate, restore confidence, and lay the groundwork for an eventual recovery of economic activity....
Persistent link: https://www.econbiz.de/10005498844
This paper uses Bayesian techniques to compare three definitions of optimality for the basic job search model: the standard income-maximizing definition, an approximation to the standard definition, and a simple alternative. The important role of prior choice in these comparisons is illustrated....
Persistent link: https://www.econbiz.de/10005498868
Persistent link: https://www.econbiz.de/10005420047
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Persistent link: https://www.econbiz.de/10005420072