Large hoardings of international reserves: are they worth it?

Several Asian economies have accumulated large stocks of international reserves over the last few years. This motivates the question we address in this paper from an empirical point of view. Are these large increases in reserves an efficient crisis-prevention strategy? Or are they second-best to oth...

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Detalles Bibliográficos
Autores principales: García Silva, Pablo, Soto, Claudio
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3710
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