Contingent reserves management: an applied framework
One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of capital inflows (or sudden stops). Hoarding international reserves can be used to smooth the impact of such reversals (see, for example, Lee, 2004), but these reserves are seldom suf...
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| Main Authors: | , |
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| Format: | Artículo |
| Language: | eng |
| Published: |
Banco Central de Chile
2019
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| Subjects: | |
| Online Access: | https://hdl.handle.net/20.500.12580/3716 |
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