Edited by Masahiro Kawai, Peter J. Morgan and Shinji Takagi
Chapter 5: Macroeconomic Impacts of Foreign Exchange Reserve Accumulation: Theory and International Evidence
5. Macroeconomic impacts of foreign exchange reserve accumulation: theory and international evidence Shin-ichi Fukuda and Yoshifumi Kon 5.1 INTRODUCTION Beginning in the late 1990s, a dramatic accumulation in foreign exchange reserves has been wid...
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