@techreport{NBERw3636,
 title = "Currency Substitution and the Fluctuations of Foreign-Exchange Reserves with Credibly Fixed Exchange Rates",
 author = "Alberto Giovannini",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "3636",
 year = "1991",
 month = "February",
 URL = "http://www.nber.org/papers/w3636",
 abstract = {This paper studies the fluctuations of foreign exchange reserves under a regime of credibly fixed exchange rates. The paper considers a variety of assumptions on the determinants of money demand and currency substitution.},
}