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Dynamic Adjustment and the Demand for International Reserves

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NBER1979-11-01 更新2025-01-04 收录
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Although there have been a large number of empirical studies of the demand for international reserves, there have not been many successful demonstrations that deviations of the actual stock of reserves from the target level defined by the demand function trigger a process of adjustment. This paper

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1979-11-01
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