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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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Vydáno v:Cuadernos de Economía
Hlavní autor: Moritz Cruz
Médium: Artigo
Jazyk:Inglês
Vydáno: Universidad Nacional de Colombia 2015
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On-line přístup:https://www.redalyc.org/articulo.oa?id=282135449006
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