International Reserve Holdings with Sovereign Risk and Costly Tax Collection
收藏NBER2002-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9154
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资源简介：
This paper analyzes the international reserve-holding behavior of developing countries. It shows that political-economy considerations modify the optimal reserve level determined by efficiency criteria. A country characterized by volatile output, inelastic demand for fiscal outlays, high tax
提供机构：
美国国家经济研究局
创建时间：
2002-09-01
