TY - JOUR
AU1 - BahmaniOskooee, Mohsen
AB - Various authors have tried to verify the importance of different variables in the reserve demand equation. This article introduces a new independent variable, the gold price, into the reserve demand function. By pooling crosssection and timeseries quarterly data for 19 industrial countries over the 19731981 period, a reserve demand equation is estimated. It is concluded that the price of gold exerts a significantly negative effect on the demand for international liquidity.
TI - Gold Price as Another Determinant of Demand for International Reserves
JF - Journal of Economic Studies
DO - 10.1108/eb002587
DA - 1984-04-01
UR - https://www.deepdyve.com/lp/emerald-publishing/gold-price-as-another-determinant-of-demand-for-international-reserves-1iW6o9L77c
SP - 23
EP - 32
VL - 11
IS - 4
DP - DeepDyve
ER -