一篇文献International reserves and monetary policy

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<p> 210945.pdf (491.89 KB)

2008-5-6 23:41:00 上传

一篇文献International reserves and monetary policy

</p><p></p><p><strong>International reserves and monetary policy</strong></p>Abstract<br/>We present a model that determines both monetary policy and level of international reserves. Strict monetary<br/>policy would build precautionary reserves that allow future monetary policy to better stabilize inflation and output<br/>and lower the likelihood of forthcoming financial crisis.<br/><br/>

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关键词：Internation National Monetary reserves Reserve 文献 Policy Monetary reserves