Accumulating Foreign Reserves Under Floating Exchange Rates /
Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary pol...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2008.
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| Series: | IMF Working Papers; Working Paper ;
No. 2008/096 |
| Online Access: | Full text available on IMF |