Results 111 to 120 of about 1,516,469 (243)

Money and interest rates under a reserves operating target [PDF]

open access: yes
This study examines the short-run dynamic relationships between nonborrowed reserves, the federal funds rate, and transaction accounts using daily data from 1979 through 1982.
Myron L. Kwast, Robert B. Avery
core  

Large Hoarding of International Reserves and the Emerging Global Economic Architecture [PDF]

open access: yes
This paper analyzes competing interpretations for the large increases in the hoarding of international reserves by developing countries. While the first phase of the rapid hoarding of reserves in the aftermath of the East Asian crisis has been dominated ...
Joshua Aizenman
core  

US Current Account Deficit and Exchange Rate Tax [PDF]

open access: yes
We examine the relationship between the US current account deficit, the international value of the dollar, and the dollar reserves of foreign central banks.
Da Silva, Sergio   +3 more
core   +1 more source

How should emerging economies manage their foreign exchange reserves? [PDF]

open access: yes
Asia has emerged as the balancing wheel of global finance. The countries of Asia now account for 70 per cent of global foreign exchange reserves, compared to only 30 percent in 1990 and 21 per cent in the early 1970s.
Akash Gupta, Rahul Agarwal
core  

Should bank reserves earn interest? [PDF]

open access: yes
This article examines the effects and desirability of paying interest on required reserves. Scott Freeman and Joseph Haslag demonstrate that a policy of paying interest on reserves can make everyone better off, even if the interest must be financed by a ...
Joseph H. Haslag, Scott Freeman
core  

Optimal reserve management and sovereign debt [PDF]

open access: yes
Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels.
Fabio Kanczuk, Laura Alfaro
core  

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