Introduction, 628. — I. The demand for international reserves under the gold exchange system, 630; adjustment to asset preferences, 630; crisis in the gold exchange standard, 631. — II. The demand for reserves in the IMF system, 631; attributes of reserve assets, 632; ranking of reserve assets, 633 adjustment to asset preferences, 634; changes in asset attributes, 636. — III. Conclusion, 638.
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Robert Z. Aliber (1967) studied this question.
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