Klitgaard, Thomas; Higgins, Matthew - In: Revue d'Économie Financière 9 (2009) 1, pp. 179-193
[eng] This paper examines the sources of the rapid build-up in official foreign assets of recent years. Foreign exchange intervention and burgeoning petrodollar receipts - the two main sources of financing for recent official outflows - have very different implications for domestic monetary...