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International Liquidity Issues

Author

Listed:
  • Thomas D. Willett

Abstract

The relationship between international reserves and national economic policies is not as strong as that between money supplies and private economic behavior; therefore, policies focusing primarily on international reserve aggregates cannot efficiently control the operation of the world economy.

Suggested Citation

  • Thomas D. Willett, 1980. "International Liquidity Issues," Books, American Enterprise Institute, number 969488, September.
  • Handle: RePEc:aei:rpbook:969488
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    File URL: http://www.aei.org/publication/international-liquidity-issues
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Ouyang, Alice Y. & Rajan, Ramkishen S. & Willett, Thomas D., 2010. "China as a reserve sink: The evidence from offset and sterilization coefficients," Journal of International Money and Finance, Elsevier, vol. 29(5), pages 951-972, September.
    2. Sula, Ozan, 2011. "Demand for international reserves in developing nations: A quantile regression approach," Journal of International Money and Finance, Elsevier, vol. 30(5), pages 764-777, September.
    3. M. Ramachandran, 2023. "Official Intervention, Reserve Accumulation and Exchange Rate Volatility," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 21(2), pages 269-287, June.
    4. Sula, Ozan, 2008. "Demand for International Reserves: A Quantile Regression Approach," MPRA Paper 11680, University Library of Munich, Germany.
    5. Barry Eichengreen, 2000. "From Benign Neglect to Malignant Preoccupation: U.S. Balance-of-Payments Policy in the 1960s," NBER Working Papers 7630, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    inflation; AEI Press; exchange rate; AEI Archive;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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