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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aFinancial Versus Monetary Mercantilism : $eLong-Run View of Large International Reserves Hoarding /$fJaewoo Lee, Joshua Aizenman
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (24 p.)
225 1 $aIMF Working Papers
300   $a"December 2006."
311   $a1-4518-6540-6 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. OVERVIEW""; ""II. FINANCIAL VERSUS MONETARY MERCANTILISM OVER THE DECADES: 1970a??? 2005""; ""III. THE HAZARD OF COMPETITIVE HOARDING""; ""IV. BANK FRAGILITY: ON THE OBSERVATION EQUIVALENCE OF MONETARY MERCANTILISM AND SELF- INSURANCE""; ""V. CONCLUSION""; ""REFERENCES""
330 3 $aThe sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism-hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades of high growth. They switched to hoarding large international reserves when growth faltered, making it harder to disentangle the monetary mercantilism from a precautionary response to the heritage of past financial mercantilism. Monetary mercantilism also lowers the cost of hoarding through its short-term boost to external competitiveness, but may be associated with negative externalities leading to competitive hoarding.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/280
606   $aMercantile system$zEast Asia$xMathematical models
606   $aBalance of trade$zEast Asia
606   $aBanks and Banking$2imf
606   $aFinancial Risk Management$2imf
606   $aForeign Exchange$2imf
606   $aIndustries: Financial Services$2imf
606   $aMonetary Policy$2imf
606   $aFinancial Institutions and Services: General$2imf
606   $aFinancial Crises$2imf
606   $aBanking$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aInternational reserves$2imf
606   $aFinancial sector$2imf
606   $aReserves accumulation$2imf
606   $aFinancial crises$2imf
606   $aReal exchange rates$2imf
606   $aForeign exchange reserves$2imf
606   $aFinancial services industry$2imf
607   $aJapan$2imf
615  0$aMercantile system$xMathematical models.
615  0$aBalance of trade
615  7$aBanks and Banking
615  7$aFinancial Risk Management
615  7$aForeign Exchange
615  7$aIndustries: Financial Services
615  7$aMonetary Policy
615  7$aFinancial Institutions and Services: General
615  7$aFinancial Crises
615  7$aBanking
615  7$aEconomic & financial crises & disasters
615  7$aCurrency
615  7$aForeign exchange
615  7$aInternational reserves
615  7$aFinancial sector
615  7$aReserves accumulation
615  7$aFinancial crises
615  7$aReal exchange rates
615  7$aForeign exchange reserves
615  7$aFinancial services industry
700   $aLee$b Jaewoo$01679787
701   $aAizenman$b Joshua$0122521
712 02$aNational Bureau of Economic Research.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910814663003321
996   $aFinancial Versus Monetary Mercantilism$94071906
997   $aUNINA