The Demand for International Reserves by Developed and Less-Developed Countries.

The objective of this paper is to estimate separate demand functions for international reserves by developed and less-developed countries (LDC's). It is shown that the behavioural parameters of the two groups are significantly different. As a by-product, it is also shown that the association between...

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Detalles Bibliográficos
Publicado en:Economica Vol. 41; no. 161; pp. 14 - 25
Autor principal: Frenkel, Jacob A.
Formato: Artículo
Publicado: Wiley-Blackwell Feb74
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The Demand for International Reserves by Developed and Less-Developed Countries.
      aug:
        au: Frenkel, Jacob A.
        affil:
          University of Chicago.
          Tel-Aviv University.
      su:
        Demand function
        Reserves (Accounting)
        International trade
        Lorenz curve
        Mathematical models of economics
        Developing countries
      sug:
        subj:
          Demand function
          Reserves (Accounting)
          International trade
          Lorenz curve
          Mathematical models of economics
          Developing countries
      ab: The objective of this paper is to estimate separate demand functions for international reserves by developed and less-developed countries (LDC's). It is shown that the behavioural parameters of the two groups are significantly different. As a by-product, it is also shown that the association between reserve holdings and the relative size of the foreign trade sector is positive. Section I presents some empirical evidence on the demand for reserves, Section II presents separate estimates of the demand for reserves by developed countries and LDC's, and Section III contains some concluding remarks.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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          year: 1974
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