Reserve-currency Preferences of Central Banks

76 countries adjustment bank's Beta coefficient billion capital cent level central banks central monetary central-bank demand COMPOSITION OF FOREIGN-EXCHANGE coun countries that peg country's holdings CROSS-SECTION REGRESSION currency composition Deutsche Bundesbank dollar holdings dollar peggers dollar reserves dummy Economic elasticity equation ESSAYS IN INTERNATIONAL estimated Eurocurrency Eurodollar deposits Eurodollar holdings Euromarket exchange arrangements Exchange Rate Margins exchange reserves exchange risk exchange-rate regime F-Ratio factors Floaters Floating Exchange Rates foreign foreign-exchange portfolio Fritz Machlup holdings of central important included interest differential International Finance Section International Monetary Fund international reserves Kenen Less Developed Countries liabilities major reserve currencies Narrower Exchange Rate parameter Policy Princeton proportion regression REGRESSION ANALYSIS rency Reprinted reserve assets reserve center reserve-currency countries reserve-currency preferences Robert Heller significant SPECIAL PAPERS sterling peggers Swiss francs System of Narrower Table tend to hold total foreign-exchange reserves trade shares U.S. dollars U.S. Treasury bills yield differential