NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
loading...

Currency Substitution and the Fluctuations of Foreign-Exchange Reserves with Credibly Fixed Exchange Rates

Alberto Giovannini

NBER Working Paper No. 3636
Issued in February 1991
NBER Program(s):International Trade and Investment, International Finance and Macroeconomics

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.

download in pdf format
   (313 K)

download in djvu format
   (214 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w3636

Users who downloaded this paper also downloaded* these:
Giovannini and Turtelboom w4232 Currency Substitution
Rodrik w11952 The Social Cost of Foreign Exchange Reserves
Dominguez, Fatum, and Vacek w16044 Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?
Sturzenegger w4184 Hyperinflation with Currency Substitution: Introducing an Indexed Currency
Engel w2140 The Real Effects of Foreign Inflation in the Presence of Currency Substitution
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us