International reserves and monetary policy

Avner Bar-Ilan; Dan Lederman

doi:10.1016/j.econlet.2007.03.001

International reserves and monetary policy

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

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

Original language	English
Pages (from-to)	170-178
Number of pages	9
Journal	Economics Letters
Volume	97
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2007.03.001
State	Published - Nov 2007

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities
SDG 17 Partnerships for the Goals

Keywords

Drift control
International reserves

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2007.03.001

Cite this

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title = "International reserves and monetary policy",

abstract = "We present a model that determines both monetary policy and level of international reserves. Strict monetary policy would build precautionary reserves that allow future monetary policy to better stabilize inflation and output and lower the likelihood of forthcoming financial crisis.",

keywords = "Drift control, International reserves",

author = "Avner Bar-Ilan and Dan Lederman",

year = "2007",

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doi = "10.1016/j.econlet.2007.03.001",

language = "English",

volume = "97",

pages = "170--178",

journal = "Economics Letters",

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AU - Lederman, Dan

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AB - We present a model that determines both monetary policy and level of international reserves. Strict monetary policy would build precautionary reserves that allow future monetary policy to better stabilize inflation and output and lower the likelihood of forthcoming financial crisis.

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KW - International reserves

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DO - 10.1016/j.econlet.2007.03.001

M3 - Article

AN - SCOPUS:34548509899

SN - 0165-1765

VL - 97

SP - 170

EP - 178

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

International reserves and monetary policy

Abstract

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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