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The demand for international reserves and monetary equilibrium : some evidence from developing countries

Edwards, Sebastian - 1984

Persistent link: https://www.econbiz.de/10002108310

Financial crises, capital liquidation and the demand for international reserves

Mourmouras, Alexandros Thomas; Russel, Steven H. - 2009

We study a simple neoclassical model of investment in a developing country, modified to allow for long-term projects and short-term debt. Early signals indicating low productivity of investment may lead creditors to call loans in early. In such a crisis, firms protected by limited liability...