The demand for international reserves in a regime of floating exchange rates: some empirical evidence

MacDonald, R. (1987) The demand for international reserves in a regime of floating exchange rates: some empirical evidence. Economics Letters, 23(2), pp. 189-192. (doi: 10.1016/0165-1765(87)90037-1)

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Abstract

In this note the demand for international reserves during the recent float is analysed using a pooled cross-section, time-series data base. The main objective of the analysis is to demonstrate the importance of stochastic shocks in determining the demand for international reserves in a regime of floating exchange rates.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:MacDonald, Professor Ronald
Authors: MacDonald, R.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Economics Letters
Publisher:Elsevier
ISSN:0165-1765
ISSN (Online):1873-7374

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