Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 February 2011
Keywords: Flexible exchange rate policy, Interest rate differential, Foreign exchange market volatility, Sovereign wealth funds, International monetary system, AMs, WEO, traditional metrics, adequacy, short-term debt
The dramatic increase in reserves holdings over the past decade has resumed since the global financial crisis, even at an accelerated pace. While the crisis has heightened perceptions of the importance of holding a...