International Reserves : Precautionary vs. Mercantilist Views, Theory and Evidence /
This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary motives; in particular, a more liberal capital account regime increases international reserves. Theoretical...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2005.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2005/198 |
| Acesso em linha: | Full text available on IMF |