New Developments in Theories of International Reserves and Their Relationship to Debt
DOI:
https://doi.org/10.29201/peipn.v2i4.249Keywords:
International reserves, international debt, precautionary demand, mercantilismAbstract
This paper examines several recent models –closely linked to the theory of international debt– that analyze the rationality behind accumulating international reserves, without relying on its role to manage a less than fully flexible exchange rate.
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