Loeffler, Axel; Schnabl, Gunther; Schobert, Franziska - Wirtschaftswissenschafltiche Fakultät, Universität Leipzig - 2013
Asian central banks have accumulated large stocks of foreign reserves. As the resulting easing of monetary conditions has … become a threat to domestic price and financial stability, the East Asian central banks have embarked on substantial … central banks into debtor positions versus the domestic banking systems. We show based on a central bank loss function that …