Precautionary Demand for Foreign Assets in Sudden Stop Economies : An Assessment of the New Merchantilism /
Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops in the 1990s. The surge in foreign reserves since then is viewed as a New Merchantilism in which reserves are a war-chest for defense against Sudden Stops. We conduct a quantitative assessment of this argument...
| Auteur principal: | |
|---|---|
| Autres auteurs: | , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2007/146 |
| Accès en ligne: | Full text available on IMF |