International reserve management and the current account

This paper assesses the costs and benefits of active international reserve management. The first part outlines and appraises various channels through which international reserve management may enhance economic performance, focusing on two important channels: it lowers the real exchange rate volatili...

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Autor principal: Aizenman, Joshua
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3741
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