THE NEED FOR OFFICIAL RESERVES IN LATIN AMERICA: ASSESSING THE PRECAUTIONARY MOTIVE, 1995-2011

In this paper we estimate the demand for official reserves in Latin America during the period 1995-2011. We assume that the main concern of the monetary authorities to demand reserves is the fear of suffering external drains, and its associated output costs. In other words, we attempt to show that t...

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Detaylı Bibliyografya
Yayımlandı:Cuadernos de Economía
Yazar: Moritz Cruz
Materyal Türü: Artigo
Dil:Inglês
Baskı/Yayın Bilgisi: Universidad Nacional de Colombia 2015
Konular:
Economía y Finanzas
Latin America
financial openness
financial variables
precautionary motive
International reserves
Online Erişim:https://www.redalyc.org/articulo.oa?id=282135449006
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