External Adjustment and the Optimal Demand for International Reserves.
This paper provides a theoretical underpinning for the major determinants of optimal reserve demand in the case where fundamental disequilibrium constitutes a key element governing reserve management. Emphasis is given to the role of reserves to smooth the process of economic adjustment by financing...
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1989/090 |
| Dostęp online: | Full text available on IMF |