Global Safe Assets
By P. Gourinchas, Olivier Jeanne. 2012
110 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/c6c50a3e6a5486fbd0d6f19dfe3508ef93721f50
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Citations in the corpus
- Open market operations (2018, unknown): “0 () [ ()− ()] = Π 1⁄2 1 + [1− ()] () 3⁄4 (26)”
- The History and Economics of Safe Assets (2016, unknown): “Financial intermediaries respond to changes in the convenience yield: If the convenience yield increases because there is a shortage of Treasuries, the private financial intermediaries create more safe debt, and vice versa. Also, Holmström & Tirole (1998, 2011) show a connection between the supply o”
- The (impossible) repo trinity: the political economy of repo markets (2016, background): “Unlike base money issued by the central bank, private ‘base’ assets such as mortgage-backed securities can quickly loose liquidity in crisis (Singh and Stella, 2012; Gourinchas and Jeanne, 2012).”