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Bank of Canada RSS Feedsen2024-03-29T14:11:51+00:00Cheap But Flighty: How Global Imbalances Create Financial Fragility
https://www.bankofcanada.ca/2015/08/working-paper-2015-33/
We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights.2015-08-07T11:53:58+00:00enCheap But Flighty: How Global Imbalances Create Financial Fragility2015-08-07Financial institutionsFinancial stabilityWorking Paper 2015-33https://www.bankofcanada.ca/wp-content/uploads/2015/08/wp2015-33.pdfCheap But Flighty: How Global Imbalances Create Financial FragilityEnrico PerottiToni AhnertAugust 2015FF3GG2