Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Middle East and Central Asia Department.
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| ISBN: | 1283274043
9781283274043
1451913265
9781451913262
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| Notes: | Includes bibliographical references (page 19).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
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Print version record.
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| Summary: | Concentrated distribution of international reserves is puzzling. I show that the growth rates of international reserves bear only a very weak relationship to their initial stocks (scaled by GDP or in absolute terms), and that, by implication, the cross-sectional distribution of reserves conforms to Zipf's law. The law states that the size of reserves is inversely related to their ranking. Evidence in favor of the law is strong and time robust. I compare the cross section distribution of international reserves embedded in the WEO projections to that implied by Zipf's law and find that international reserves are much less concentrated in the WEO projections than implied by Zipf's law.
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| Other form: | Print version: Sumlinski, Mariusz A. International reserves. Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., ©2008
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| Standard no.: | 10.5089/9781451913262.001
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