Effect of Exchange Rate System on the Demand for and the Composition of International Reserves in Developing Countries
The aim of this paper is twofold. It first investigates the demand for international reserves using panel data for 32 developing countries during the period 1975 – 2004. To this end, an Error Correction Model (ECM) approach is employed to estimate the empirical model and then a capital asset pricing...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Tarbiat Modares University
2010-07-01
|
| Series: | پژوهشهای اقتصادی |
| Subjects: | |
| Online Access: | http://ecor.modares.ac.ir/article-18-11034-en.pdf |