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 |
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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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