Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 CrisisJoshua Aizenman, Michael M. Hutchison
NBER Working Paper No. 16260 ---- Acknowledgements ----- We are grateful to Vladyslav Sushko and Yuhan Xue for the excellent research assistance. Any errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. |
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