04341cam a22005898i 4500 9781003376538 FlBoTFG 20251030122241.0 m o d cr ||||||||||| 240406s2024 enk ob 000 0 eng OCoLC-P eng rda OCoLC-P 9781003376538 (ebook) 1003376533 9781040090237 (electronic bk. : PDF) 1040090230 (electronic bk. : PDF) 9781040090244 (electronic bk. : EPUB) 1040090249 (electronic bk. : EPUB) 9781032453415 (hardback) 9781032453439 (paperback) 10.4324/9781003376538 doi (OCoLC)1430987135 (OCoLC-P)1430987135 HG4521 BUS 000000 bisacsh BUS 069000 bisacsh KCB bicssc Bogołębska, Joanna, author. 94048 Safe assets in the global economy : supply, demand and financial stability / Joanna Bogołębska, Ewa Feder-Sempach, Ewa Stawasz-Grabowska. Abingdon, Oxon ; New York, NY Routledge, 2024. 1 online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier Routledge international studies in money and banking 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. "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"-- Provided by publisher. OCLC-licensed vendor bibliographic record. Financial instruments. 94049 Financial institutions Investments. 94050 Investment analysis. 59846 International finance. 57834 BUSINESS & ECONOMICS / General bisacsh BUSINESS & ECONOMICS / Economics / General bisacsh 64875 Feder-Sempach, Ewa, author. https://id.oclc.org/worldcat/entity/E39PCjr99mhx8hgD43wc9BcXVC 94051 Stawasz-Grabowska, Ewa, author. 94052 Taylor & Francis https://www.taylorfrancis.com/books/9781003376538 OCLC metadata license agreement http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf E-Books 67699 67699