The Demand Cor International Reserves and their Opportunity Cost

Nopic
An empirical study that shows that countries' reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major currencies as reserve assets has costs that are frequently unrecognized. Between 1978-82 for 24 sample countries, and between 1978-86 for the... READ MORE...

Publication date: December 1988
ISBN 9781451947328
$10.00

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Publication date: December 1988

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