The cost of reserves

Economics Letters

Volumn 100, Issue 1, 2008, Pages 39-42

  Levy Yeyati, Eduardo ^a  

^a UNIVERSIDAD TORCUATO DI TELLA   (Argentina)

Author keywords

Crisis; Default; International reserves; Sovereign debt

Indexed keywords

EID: 43949099656     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2007.10.027     Document Type: Article

References (10)

1. Aizenman J., and Lee J. International reserves: precautionary versus mercantilist views, theory and evidence. IMF working Paper No 05/198 (2005)
2. Cowen K., Levy Yeyati E., Panizza U., and Sturzenegger F. Sovereign debt in the Americas: new data and stylized facts. CIF Working Paper No. 9/2006 (2006)
3. De Nicoló G., Honohan P., and Izea A. Dollarization of bank deposits: causes and consequences. Journal of Banking and Finance 29 7 (2005) 1697-1727
4. González Rozada M., and Levy Yeyati E. Global factors and emerging market spreads. IDB Working Paper 552 (2005)
5. Jeanne, O., Ranciere, R., 2005. The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications. Mimeo, IMF.
6. Levy Yeyati E. Liquidity insurance in financially dollarized economies. NBER Working Paper 12345 (2006)
7. Levy Yeyati E. Financial dollarization. Economic Policy 21 45 (2006) 61-118
8. Levy Yeyati E. The cost of reserves. World Bank WP 585 (2006)
9. Levy Yeyati E., and Sturzenegger F. Classifying exchange rate regimes: deeds vs. words. European Economic Review 49 6 (2005) 1603-1635
10. Rodrick D. The social cost of foreign exchange reserves. NBER Working Paper 11952 (2006)