The optimal level of international reserves: evidence for India

被引：13
|
作者：
Ramachandran, M [1 ]
机构：
[1] Madras Sch Econ, Madras 600025, Tamil Nadu, India
来源：
ECONOMICS LETTERS | 2004年 / 83卷 / 03期
关键词：
reserve demand; opportunity cost; capital outflow/inflow;
D O I：
10.1016/j.econlet.2003.11.015
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In India, the reserve demand is predominantly determined by the opportunity cost than the reserve volatility, which is in stark contrast to the overall evidence of the emerging market economies. This can, perhaps, be attributed to relatively free inflow than outflow of capital. (C) 2004 Elsevier B.V. All rights reserved.
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页码：365 / 370
页数：6
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