On the Interest Rate Elasticity of the Demand for International Reserves: Some Evidence from Developing Coutries
收藏NBER1985-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1532
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资源简介：
Contrary to what is suggested by the theory, most empirical studies on the demand for international reserves have failed to find a significant(negative) coefficient for the opportunity cost of holding reserves. In this paper it is argued that the reason for this is that the opportunity cost of
提供机构：
美国国家经济研究局
创建时间：
1985-01-01
