International Reserves-Too Much of a Zipf's Thing /
Concentrated distribution of international reserves is puzzling. I show that the growth rates of international reserves bear only a very weak relationship to their initial stocks (scaled by GDP or in absolute terms), and that, by implication, the cross-sectional distribution of reserves conforms to...
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Format: | Book |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2008
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Series: | IMF Working Papers ;
Working Paper No. 08/11 IMF eLibrary |
Subjects: |