01776cas a2200253 a 4500 AALejournalIMF007738 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855272 1018-5941 BD-DhAAL BD-DhAAL Eichengreen, Barry. The Currency Composition of Foreign Exchange Reserves : Retrospect and Prospect / Barry Eichengreen, Donald Mathieson. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the determinants of the currency composition of international reserves. Our single most important finding is the striking stability over time of the relationship between the demand for reserves denominated in different currencies and its principal determinants: trade flows, financial flows and currency pegs. This result contrasts sharply with recent predictions of sharp shifts in the currency composition of central banks' holdings of foreign exchange. The message would seem to be that in this, as in other respects, the international monetary system is in a mode of gradual, continuous evolution, not of rapid, discontinuous change. Mode of access: Internet Mathieson, Donald. IMF Working Papers; Working Paper ; No. 2000/131 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/131/001.2000.issue-131-en.xml IMF e-Library