The Demand Cor International Reserves and their Opportunity Cost.

An empirical study that shows that countries' reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major currencies as reserve assets has costs that are frequently unrecognized. Between 1978-82 for...

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Библиографические подробности
Соавтор: International Monetary Fund
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1988.
Серии:IMF Working Papers; Working Paper ; No. 1988/105
Online-ссылка:Full text available on IMF
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245 1 4 |a The Demand Cor International Reserves and their Opportunity Cost. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1988. 
300 |a 1 online resource (30 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a An empirical study that shows that countries' reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major currencies as reserve assets has costs that are frequently unrecognized. Between 1978-82 for 24 sample countries, and between 1978-86 for the same sample less those countries with debt-servicing difficulties, international borrowing costs were found to be a highly significant determinant of reserve holdings-particularly before 1982 for the group with debt difficulties. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1988/105 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1988/105/001.1988.issue-105-en.xml  |z IMF e-Library