Holding International Reserves in an Era of High Capital Mobility /

Why do countries hold so much international reserves? Global reserve holdings (excluding gold) were equivalent to 17 weeks of imports at the end of 1999. That is almost double what they were at the end of 1960 and about 20 percent higher than they were at the start of the 1990s. In this paper we stu...

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Chi tiết về thư mục
Tác giả chính: Flood, Robert
Tác giả khác: Marion, Nancy
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2002.
Loạt:IMF Working Papers; Working Paper ; No. 2002/062
Truy cập trực tuyến:Full text available on IMF