Shifting Motives : Explaining the Buildup in official Reserves in Emerging Markets Since the 1980's /

Why have emerging market economies (EMEs) been stockpiling international reserves? We find that motives have varied over time?vulnerability to current account shocks was relatively important in the 1980s but, as EMEs have become more financially integrated, factors related to the magnitude of potent...

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Автор: Ghosh, Atish
Інші автори: Ostry, Jonathan, Tsangarides, Charalambos
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2012.
Серія:IMF Working Papers; Working Paper ; No. 2012/034
Онлайн доступ:Full text available on IMF

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