TY - BOOK AU - Giovannini,Alberto ED - National Bureau of Economic Research. TI - Currency Substitution and the Fluctuations of Foreign-Exchange Reserves with Credibly Fixed Exchange Rates T2 - NBER working paper series PY - 1991/// CY - Cambridge, Mass. PB - National Bureau of Economic Research N1 - February 1991; Hardcopy version available to institutional subscribers N2 - This paper studies the fluctuations of foreign exchange reserves under a regime of credibly fixed exchange rates. The paper considers a variety of assumptions on the determinants of money demand and currency substitution UR - https://www.nber.org/papers/w3636 UR - http://dx.doi.org/10.3386/w3636 ER -