Papers by Anitha Mathivanan
Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets he... more Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions. Reserves are held in one or more reserve currency, mostly the United States dollar and to a lesser extent the EU's euro, the British pound sterling, and the Japanese yen. Foreign exchange reserves should ideally include foreign bank notes, foreign bank deposits, foreign treasury bills, and short and long-term foreign government securities. However, they also include gold reserves, special drawing rights (SDRs), and International Monetary Fund (IMF) reserve positions. This broader figure, along with SDR's, gold reserves and IMF reserve positions is more readily used.
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Papers by Anitha Mathivanan