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...
| Autor corporatiu: | |
|---|---|
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1988/105 |
| Accés en línia: | Full text available on IMF |