Krušković, Borivoje D. - In: Journal of Central Banking Theory and Practice 12 (2023) 3, pp. 87-109
This paper analyses the effects of the foreign exchange re-serves accumulation on the key nominal and real macroeconomicvariables (GDP, employment, prices and exchange rates) in BRICcountries (Brazil, Russia, India, China). VAR model was used toempirically examine the effect of accumulation of...