haku: @author Mayer, J. / yhteensä: 16
viite: 5 / 16
| Tekijä: | Mayer, J. |
| Otsikko: | US dollar and D-mark as reserve. |
| Lehti: | Weltwirtschaftliches Archiv
1991 : VOL. 127:3, p. 524-541 |
| Asiasana: | USA GERMANY CURRENCY MARKETS |
| Kieli: | eng |
| Tiivistelmä: | A model of diversification of foreign exchange reserves is applied. It rests on the assumption that diversification is the result of lifting the convertibility constraint for official dollar reserves. The data show that after the role of D- mark as a reserve currency has risen considerably (thanks to the low inflation rate in Germany) the convertibility constraint has been reimposed. |
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