Convertibility Risk: The Precautionary Demand for Foreign Currency in a Crisis
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- Sergey Narkevich & Pavel Trunin, 2012. "Reserve Currencies: Factors of Evolution and their Role in the World Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 162P.
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Keywords
WP; foreign currency; money demand; interest rate; broad money; Convertibility; currency crisis; demand for money; interest rate defense; equation money demand equation; currency assets; currency demand schedules; currency peg; currency shift; threshold interest rate; devaluation risk; Currencies; Currency markets; Real interest rates; Exchange rates;All these keywords.
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