The Currency Composition of Foreign Exchange Reserves : Retrospect and Prospect /
This paper examines the determinants of the currency composition of international reserves. Our single most important finding is the striking stability over time of the relationship between the demand for reserves denominated in different currencies and its principal determinants: trade flows, finan...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2000.
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| Series: | IMF Working Papers; Working Paper ;
No. 2000/131 |
| Online Access: | Full text available on IMF |