TITLE

ACUMULACIÓN DE RESERVAS INTERNACIONALES EN PAÍSES EMERGENTES CON TIPOS DE CAMBIO FLEXIBLES

AUTHOR(S)
Rodríguez, Patricia; Ruiz, Omar
PUB. DATE
April 2012
SOURCE
Problemas del Desarrollo. Revista Latinoamericana de Economía;abr-jun2012, Vol. 43 Issue 169, p51
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The accumulation of international reserves on the part of emerging countries stands out as one of the most relevant aspects of monetary and financial imbalances today. Among such nations, Latin Americans are reaching new, historic levels. No theoretical or empirical intervention model exists that can explain or justify this enormous accumulation, which in the end, merely reveals new ways of transferring value from less developed to developed countries. Emerging countries undertake activities within the international monetary system, which has the dollar and other strong currencies as a base, seeking to accumulate large amounts of currencies as a precautionary measure to administer their exchange markets. In so doing they strengthen their expectation management policy with regard to meeting inflation targets.
ACCESSION #
77784147

 

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