Nations with credible monetary regimes borrow at lower interest rates and are less likely to suffer speculative attacks and currency crises. While scholars typically attribute credibility to domestic institutions or international agreements, Jana Grittersova argues that when reputable multinational banks open branches within a nation, they enhance that nation's monetary credibility.
Ik heb een vraag over het boek: ‘Borrowing Credibility - Grittersova, Jana’.
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