Safe Assets in the Global Economy
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 th...
Saved in:
| Main Authors: | , , |
|---|---|
| 格式: | Online |
| 語言: | 英语 |
| 出版: |
Taylor & Francis
2026
|
| 主題: | |
| 在線閱讀: | ONIX_20260123T150742_9781040090237_17 |
| 標簽: |
沒有標簽, 成為第一個標記此記錄!
|
| _version_ | 1869515082018324480 |
|---|---|
| author | Bogołębska, Joanna Feder-Sempach, Ewa Stawasz-Grabowska, Ewa |
| author_browse | Bogołębska, Joanna Feder-Sempach, Ewa Stawasz-Grabowska, Ewa |
| author_facet | Bogołębska, Joanna Feder-Sempach, Ewa Stawasz-Grabowska, Ewa |
| author_sort | Bogołębska, Joanna |
| collection | Directory of Open Access Books |
| description | 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 liberalisation 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 systematising 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 securitisation and monetary integration. Although safe assets are not a new category of financial assets, they are inherently connected with the evolution of money. Thus, this 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. This book will appeal to researchers, scholars and advanced students of macroeconomics, international finance and economics, investment analysis, financial economics and econometrics. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license. |
| format | Online |
| id | doab-20.500.12854ir-171092 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | Taylor & Francis |
| publisherStr | Taylor & Francis |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1710922026-01-30T11:51:13Z Safe Assets in the Global Economy Bogołębska, Joanna Feder-Sempach, Ewa Stawasz-Grabowska, Ewa international monetary system sovereign debt markets macroprudential regulation central bank reserves currency competition financial contagion safe asset shortage implications thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCH Econometrics and economic statistics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance 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 liberalisation 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 systematising 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 securitisation and monetary integration. Although safe assets are not a new category of financial assets, they are inherently connected with the evolution of money. Thus, this 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. This book will appeal to researchers, scholars and advanced students of macroeconomics, international finance and economics, investment analysis, financial economics and econometrics. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license. 2026-01-30T11:51:12Z 2026-01-30T11:51:12Z 2026-01-23T14:13:32Z 2024 book ONIX_20260123T150742_9781040090237_17 https://library.oapen.org/handle/20.500.12657/109848 9781040090237 9781040090244 9781032453415 9781003376538 https://directory.doabooks.org/handle/20.500.12854/171092 eng Routledge International Studies in Money and Banking open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/109848/1/9781040090237.pdf Taylor & Francis Routledge 10.4324/9781003376538 10.4324/9781003376538 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 b980320b-3e81-4b6b-b134-75370b371c0e 9781040090237 9781040090244 9781032453415 9781003376538 Routledge 202 Oxford [...] open access |
| spellingShingle | international monetary system sovereign debt markets macroprudential regulation central bank reserves currency competition financial contagion safe asset shortage implications thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCH Econometrics and economic statistics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance Bogołębska, Joanna Feder-Sempach, Ewa Stawasz-Grabowska, Ewa Safe Assets in the Global Economy |
| title | Safe Assets in the Global Economy |
| title_full | Safe Assets in the Global Economy |
| title_fullStr | Safe Assets in the Global Economy |
| title_full_unstemmed | Safe Assets in the Global Economy |
| title_short | Safe Assets in the Global Economy |
| title_sort | safe assets in the global economy |
| topic | international monetary system sovereign debt markets macroprudential regulation central bank reserves currency competition financial contagion safe asset shortage implications thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCH Econometrics and economic statistics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance |
| topic_facet | international monetary system sovereign debt markets macroprudential regulation central bank reserves currency competition financial contagion safe asset shortage implications thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFM Investment and securities thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCH Econometrics and economic statistics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance |
| url | ONIX_20260123T150742_9781040090237_17 |
| work_keys_str_mv | AT bogołebskajoanna safeassetsintheglobaleconomy AT federsempachewa safeassetsintheglobaleconomy AT stawaszgrabowskaewa safeassetsintheglobaleconomy |