On the Effect of Opportunity Cost on International Reserve Holdings
- 1 May 1992
- journal article
- Published by JSTOR in The Review of Economics and Statistics
- Vol. 74 (2) , 329
- https://doi.org/10.2307/2109666
Abstract
The opportunity cost of holding international reserves plays a central role in all models of optimal demand for foreign exchange. This cost is conventionally de...Keywords
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