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International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence

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NBER2005-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11366
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This paper tests the importance of precautionary and mercantilist motives in accounting for the hoarding of international reserves by developing countries, and provides a model that quantifies the welfare gains from optimal management of international reserves. While the variables associated with
创建时间:
2005-05-01
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