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- W3122244832 abstract "During the last decade, developing (and some developed) economies have accumulated large amounts of international reserves, mainly for precautionary reasons. This phenomenon has been coupled with moderate economic growth. The resources being amassed largely overwhelm protective needs, there is an excess of resources that is being wasted, and which could be utilised for alternative productive projects, namely to promote growth. If insufficient aggregate demand can largely explain low growth, it is clear that this excess of international reserves can be used to stimulate aggregate demand. This paper argues that the excess of international reserves represents a potential source to boost growth." @default.
- W3122244832 created "2021-02-01" @default.
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- W3122244832 date "2008-10-01" @default.
- W3122244832 modified "2023-09-27" @default.
- W3122244832 title "International reserves, growth and effective demand" @default.
- W3122244832 hasPublicationYear "2008" @default.
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