International Reserves and Rollover Risk /
Two striking facts about international capital flows in emerging economies motivate this paper: (1) Governments hold large amounts of international reserves, for which they obtain a return lower than their borrowing cost. (2) Purchases of domestic assets by nonresidents and purchases of foreign asse...
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| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2013.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2013/033 |
| Acesso em linha: | Full text available on IMF |