Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
NBER Working Paper No. 12718
---- Acknowledgements ----
We appreciate comments by Gian Maria Milesi-Ferretti and Charles Wyplosz, but are solely responsible for all errors and misinterpretations. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the NBER, the IMF or IMF policy.