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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Detaylı Bibliyografya
Yazar: Aizenman, Joshua
Diğer Yazarlar: Lee, Jaewoo
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2005.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2005/198
Online Erişim:Full text available on IMF

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