International Reserves and Central Bank Independence

This paper proposes a novel theory of reserve accumulation that emphasizes the role of an independent central bank. Motivated by a positive correlation between reserve accumulation and central bank independence in Latin America, the paper develops...

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Bibliographic Details
Main Author: Samano, Agustin
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/undefined/620131635859663291/International-Reserves-and-Central-Bank-Independence
http://hdl.handle.net/10986/36483