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Are the adjustment of actual to desired international reserves in nominal or real terms?

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  • Mohsen Bahmani-Oskooee

Abstract

In this note we employ two procedures to determine whether the adjustment of international reserves is in real or nominal terms. Using panel data from 17 DCs and 16 LDCs, we show that adjustment of actual reserves to their desired level is indeed in nominal terms.

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  • Mohsen Bahmani-Oskooee, 1999. "Are the adjustment of actual to desired international reserves in nominal or real terms?," Applied Economics Letters, Taylor & Francis Journals, vol. 6(9), pages 573-575.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:9:p:573-575
    DOI: 10.1080/135048599352628
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    Cited by:

    1. Shijaku, Gerti, 2012. "Optimal level of reserve holding: an empirical investigation in the case of Albania," MPRA Paper 79091, University Library of Munich, Germany.

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