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currencies are less successfully explained. It may be that the results from currency-by-currency estimation are impaired by …
Persistent link: https://www.econbiz.de/10014528426
Do central banks rebalance their currency shares? The answer matters because the dollar's predominant role in large official reserve holdings means that widespread rebalancing requires central banks to buy (sell) a depreciating (appreciating) dollar, stabilising its value against other major...
Persistent link: https://www.econbiz.de/10012616637