02091cas a2200241 a 4500 AALejournalIMF010597 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451930443 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 25 No. 4. Washington, D.C. : International Monetary Fund, 1978. 1 online resource (234 pages) IMF Staff 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 chapter examines if there was a fundamental shift in the demand for international reserves of countries in 1973 because of the change in the international monetary system from one of generally fixed exchange rates to one of greater exchange rate flexibility. Particular attention was also paid to the question whether the relationship between reserves and certain important variables remained stable during the period 1973-1976. The results indicated that there was a shift in the demand for reserves by industrial countries in response to the move to floating, however, that this shift occurred toward the end of 1973 rather than at the beginning of the year. Obviously, there was some lag in the response of these countries to the change in the system; however, the behavior of non-oil developing countries did not appear to be affected by the change. This can perhaps be attributed to the fact that most of these countries continued to peg their currencies to another currency, and thus there was no real change in the exchange rate regime relevant to them. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1978/004 Full text available on IMF http://elibrary.imf.org/view/journals/024/1978/004/024.1978.issue-004-en.xml IMF e-Library