Prasad, Eswar S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
domestic savings, the
stock of foreign exchange reserves is well beyond any reasonable precautionary norms
and--despite the … fronts while
opening up to trade and financial flows. And the large stock of foreign exchange reserves
resulting from these … half of total foreign liabilities, and foreign exchange
reserves amount to more than double the remaining liabilities …