Zhang, Dewei; Wang, Yiqi; Wang, Jingjing; Xu, Weidong - In: Economic Modelling 31 (2013) C, pp. 138-142
In order to cope with daily foreign currency exchange payments or trades and avoid liquidity crisis, central banks need to maintain the liquidity of foreign exchange reserves. In this paper, we develop a Foreign Exchange Reserves Liquidity Management (FERLM) model based on stochastic process by...
