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15-036/IV - Cheap but Flighty: How Global Imbalances create Financial Fragility


  • Authors
    Enrico Perotti, University of Amsterdam, the Netherlands; Toni Ahnert, Bank of Canada, Canada
  • Publication date
    March 19, 2015
  • Keywords
    capital flows, unstable funding, safe haven, absolute safety
  • JEL
    F3, G02