International Reserve Management and Firm Investment in Emerging Market Economies
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We examine the effects of active international reserve management (IRM) conducted by central banks of emerging market economies (EMEs) on firm investment in the presence of global financial shocks. Using firm-level data from 46 EMEs from 2000 to 2018, we document three findings. First, active IRM is
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美国国家经济研究局创建时间：
2021-09-01
