@inbook{168786,
  keywords = {International},
  author = {Markus K. Brunnermeier and Sebastian Merkel and Yuliy Sannikov},
  title = {A Safe Asset Perspective for an Integrated Policy Framework},
  abstract = { Borrowing from Brunnermeier and Sannikov (2016, 2019) this policy paper sketches a policy framework for emerging market economies by mapping out the roles and interactions of~ monetary policy, macroprudential policies, foreign exchange interventions, and capital controls. Safe assets are central in a world in which financial frictions, distribution of risk, and risk premia are important elements. The paper also proposes a global safe asset for a more self-stabilizing global financial architecture. },
  year = {2021},
  journal = {The Asian Monetary Policy Forum: Insights for Central Banking},
  publisher = {World Scientific Publishing Co Pte Ltd},
  url = {https://www.worldscientific.com/worldscibooks/10.1142/12323},
  doi = {10.1142/12323},
  language = {eng},
}