Franklin

Currency Composition and Foreign Exchange Reserves [electronic resource]

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 1988.
Series:
IMF eLibrary
IMF Working Papers
Format/Description:
Government document
Book
1 online resource (49 p.)
Local subjects:
Balance of payments.
Central bank.
Central banks.
Currency composition.
Currency composition of debt.
Currency markets.
Currency units.
Current exchange rate.
Debt reporting.
Debt service.
Debt service payments.
Exchange arrangements.
Exchange market intervention.
Exchange rate.
Exchange rate arrangement.
Exchange rate arrangements.
Exchange rate changes.
Exchange rate determination.
Exchange rate flexibility.
Exchange rate margins.
Exchange rate regime.
Exchange rate stability.
Exchange rate theory.
Exchange rates.
Exchange reserves.
Exchange restrictions.
Exchange risk.
External debt.
External debts.
External liabilities.
External payments.
Fixed exchange rate.
Flexible exchange rate.
Flexible exchange rates.
Floating exchange rate.
Foreign exchange.
Foreign exchange holdings.
Foreign exchange market.
Foreign exchange reserves.
Forward exchange.
Forward exchange contracts.
Net debt.
Net debtor.
Net external liabilities.
Reserve assets.
Reserve country.
Reserve currencies.
Reserve currency.
Reserve holdings.
Reserve management.
Reserve portfolio.
Reserve portfolios.
Stock of debt.
France.
Germany.
Grenada.
Japan.
United Kingdom.
United States.
Summary:
This study examines the determinants of the currency composition of foreign exchange reserves for both industrial and developing countries. During the period from 1976-85, our empirical results indicate that the currency composition of reserves has been influenced by each country’s exchange rate arrangements, its trade flows with reserve currency countries, and the currency of denomination of its debt-service payments. The evidence is consistent with the view that managing the currency composition of a country’s net foreign asset position is done more cheaply by altering the currency of denomination of assets and liabilities that are not held as reserve assets.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451964846:
9781451964844
ISSN:
1018-5941
Publisher Number:
10.5089/9781451964844.001
Access Restriction:
Restricted for use by site license.
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