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Persistent link: https://www.econbiz.de/10012181405

Taming the global financial cycle : central banks and the sterilization of capital flows in the first era of globalization (1891-1913)

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Persistent link: https://www.econbiz.de/10012195606

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Korhonen, Iikka - 2019

The paper investigates the determinants of geographical distribution of international currencies in global financial market transactions. We implement a gravity model, in which international currency distribution depends on the characteristics of the source and destination countries. We find...

Persistent link: https://www.econbiz.de/10012903502