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...
| Автор: | |
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| Інші автори: | , |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2013/033 |
| Онлайн доступ: | Full text available on IMF |