Browsing Norges Banks vitenarkiv by Author "Sunel, Enes"
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Asset purchases as a remedy for the original sin redux
Mimir, Yasin; Sunel, Enes (Working Paper;8/2021, Working paper, 2021)We provide a theory on how a wider foreign lending base of local-currency sovereign debt may lead to destabilising effects (the original sin redux). Bond sell-offs by foreigners induce domestic banks to fund the government, ...