Optimal foreign reserves, the dollar trap and demand for global safe assets : a DSGE analysis for China
The recent surge of foreign reserves in emerging markets has sparked fierce debate about what level of reserves is the optimal amount for a country. Conventional models have achieved important advances in understanding the behaviour of central banks’ reserve policy, but fail to find convincing solut...
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Durham University
2015
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.650231 |