International Reserves and Central Bank Independence
This paper proposes a novel theory of reserve accumulation that emphasizes the role of an independent central bank. Motivated by a positive correlation between reserve accumulation and central bank independence in Latin America, the paper develops...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/620131635859663291/International-Reserves-and-Central-Bank-Independence http://hdl.handle.net/10986/36483 |