Dani, Ákos; Tõrös, Ágnes - In: Public Finance Quarterly 56 (2011) 2, pp. 241-256
approximately 2,700 billion U. S. dollars of foreign exchange reserves; even the world financial crisis did not abate the pace of … development policy. In our examination we analyse, on the basis of relevant economic theories, what proportion of foreign exchange … reserves the country can freely manage. In order to answer the question of how the country’s economic leadership wants to make …