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The “exorbitant privilege” and “exorbitant duty” of the United States in the international monetary system: implications for developing countries
The international monetary system may be viewed as a global insurance system, where the United States enjoys the “exorbitant privilege” of a positive yield differential on its external assets and liabilities during normal times, in exchange for the “exorbitant duty” of valuation losses in the form o...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Springer Berlin Heidelberg
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8191449/ http://dx.doi.org/10.1007/s10290-021-00422-5 |