Optimal Reserves in Financially Closed Economies
收藏NBER2016-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22139
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资源简介：
Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of precautionary savings and emphasize several results. First, the welfare-based opportunity cost of reserves
提供机构：
美国国家经济研究局
创建时间：
2016-04-01
