International Reserves Management and the Current Account
NBER Working Paper No. 12734
---- Acknowledgements ----
Prepared for the 10th Annual Conference Proceedings Volume, Current Account and External Financing, Santiago, the Central Bank of Chile, November 2006, organized by Kevin Cowan, Sebastian Edwards and Rodrigo Valdes. I would like to thank Romain Ranciere for his insightful discussion of the earlier version; for the very useful suggestions of Jose De Gregorio and the conference participants; and Daniel Riera-Crichton for his excellent research assistance. Any errors are mine. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.