Finance

While it is rational for a country to accumulate foreign reserves as insurance against domestic crises, the worldwide accumulation of foreign reserves might also increase the risk of a financial crises at the centre.

Steiner, A. (2014) European Economic Review

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s