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Blanchard: “I would use this model to explain Macroeconomics to my Mum” | #WITGT21

This is the sixth installment of our interview series “Where is the General Theory of the 21st Century?” Blanchard on DSGE and the State of...

Blanchard on “DSGE model and the State of Macroeconomics” | #WITGT21

Welcome! This is the Fifth installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of...

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咩係央行貨幣互換協議- Central Bank Swap Lines?

Central Bank Swap Lines(央行貨幣互換協議)通常兩間(或以上)嘅央行互相協定。例如聯儲局同歐洲央行講明當市況有需求時,可用市場匯價互借對方嘅貨幣。

到底一個國家點先算係破產呢?

理論上,當一個國家未來嘅一連串財政收入嘅折現值,唔足夠支付未來一連串財政開支嘅折現­值,咁個國家就可被稱為 Insolvent。

Coco Bonds

Coco Bonds,全名Contingent Convertible Bonds,Convertible Bonds(可換股債)的一種,分別是Coco Bonds加上一些「轉換前要必要達成的條件」(Trigger Events)。