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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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1988/105 |
| Online-ссылка: | Full text available on IMF |