Safe assets in the global economy : supply, demand and financial stability

"Safe assets constitute an essential component of the contemporary, international financial system and are vital to its stability. As they are perceived as risk-free assets, they are a special type of financial instrument. Although the vast majority of safe assets are issued by governments, due...

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Bibliographic Details
Main Authors Bogołębska, Joanna (Author), Feder-Sempach, Ewa (Author), Stawasz-Grabowska, Ewa (Author)
Format Electronic eBook
LanguageEnglish
Published Abingdon, Oxon ; New York, NY Routledge, 2024.
SeriesRoutledge international studies in money and banking
Subjects
Online AccessFull text
ISBN9781003376538
1003376533
9781040090237
1040090230
9781040090244
1040090249
9781032453415
9781032453439
Physical Description1 online resource.

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100 1 |a Bogołębska, Joanna,  |e author. 
245 1 0 |a Safe assets in the global economy :  |b supply, demand and financial stability /  |c Joanna Bogołębska, Ewa Feder-Sempach, Ewa Stawasz-Grabowska. 
264 1 |a Abingdon, Oxon ;  |a New York, NY  |b Routledge,  |c 2024. 
300 |a 1 online resource. 
336 |a text  |b txt  |2 rdacontent 
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490 0 |a Routledge international studies in money and banking 
505 0 |a Concept, definitions and functions of safe assets -- The supply of safe assets -- The demand for safe assets -- Safe asset shortages and the implications for financial stability. In search of new sources of supply. 
520 |a "Safe assets constitute an essential component of the contemporary, international financial system and are vital to its stability. As they are perceived as risk-free assets, they are a special type of financial instrument. Although the vast majority of safe assets are issued by governments, due to the increasing interdependence of economies, resulting from the liberalization of capital flows, financial openness, and the ineffectiveness of the international monetary system, issues relating to their significance, creation, and allocation are global. This book combines theoretical threads by systematizing the concept and characteristics of safe assets against the background of alternative financial instruments with empirical analyses that present trends in shaping demand, supply, price conditions, and various interdependencies in the financial markets. It shows the position and role of safe assets in the global financial sector, in the context of ongoing challenges, such as the evolution of forms of money and the processes of currency competition, the outbreak of financial and economic crises, the accumulation of foreign exchange reserves, financial innovations, the scale of securitization and monetary integration. Although safe assets are not a new category of financial assets, they are inherently connected with the evolution of money. Thus, the book examines the determinants of their creation, motives of holding, and the consequences of a shortage - all within the changing nature of the international financial system. Historical, political, and institutional backgrounds are taken into account. The book will appeal to researchers, scholars and advanced students of macroeconomics, international finance and economics, investment analysis, financial economics and econometrics"--  |c Provided by publisher. 
588 |a OCLC-licensed vendor bibliographic record. 
650 0 |a Financial instruments. 
650 0 |a Financial institutions  |x Investments. 
650 0 |a Investment analysis. 
650 0 |a International finance. 
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700 1 |a Feder-Sempach, Ewa,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjr99mhx8hgD43wc9BcXVC 
700 1 |a Stawasz-Grabowska, Ewa,  |e author. 
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