Foreign reserves as hedging instruments in emerging countries
Emerging markets in the last decade increased the stock of foreign reserves and simultaneously managed to raise GDP growth while leaving short term foreign debt and investment in net fixed capital nearly unchanged. This work builds a model able to derive these facts as the result of greater openn...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2013-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2013/1452-595X1302203S.pdf |