MARC Record from Library of Congress

LEADER: 01932cam a22002897a 4500
001 2008610574
003 DLC
005 20080815090844.0
007 cr |||||||||||
008 080625s2008 mau sb 000 0 eng
010 $a 2008610574
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aReinhart, Carmen M.
245 10 $aCapital inflows and reserve accumulation$h[electronic resource] :$bthe recent evidence /$cCarmen M. Reinhart, Vincent R. Reinhart.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2008.
490 1 $aNBER working paper series ;$vworking paper 13842
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/25/2008.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Over the past decade, policymakers in many emerging market economies have opted to limit fluctuations of the value of their domestic currencies relative to the U.S. dollar. A simple interest-parity relationship is used to identify the potential sources of upward pressure on the value of a foreign exchange rate and to explain the policy options to damp them. The paper then documents the extent to which the accumulation of foreign exchange reserves has been sterilized and provides a comprehensive list of major policy initiatives related to stemming forces that would otherwise appreciate the exchange rate in over one hundred countries. This examination of policy efforts shows that a wide variety of tools are used in the attempt to stem the tide of capital flows"--National Bureau of Economic Research web site.
700 1 $aReinhart, Vincent.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 13842.
856 40 $uhttp://papers.nber.org/papers/w13842