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The Demand For International Reserves.

This article focuses on the government's demand for international reserves. Reserve holdings can be regarded as resulting from explicit policy decisions. The specification of alternative means of handling payment imbalances yields a demand function which depends on the relative benefits and costs of...

Full description

Published in:American Economic Review Vol. 60; no. 4; pp. 655 - 668
Main Author: Kelly, Michael G.
Format: Article
Published: American Economic Association Sep70
Subjects:
Reserves (Accounting)
Foreign exchange rates
Monetary policy
International finance
International Monetary Fund
Money
Finance
Online Access:View this record in EBSCOhost