cam a22 2 b4500 530138840 CHVBK 20201027044428.0 m d cr |n |||||||| 130723e20080101dcu s|||| 0 |eng|d 978-1-4519-1326-2 1-4519-1326-5 (EBook) : USD 18.00 Retail Price (Publisher) (SERSOL)ssj0001478135 (WaSeSS)ssj0001478135 BIP US WaSeSS Sumlinski Mariusz A. Author International Reserves-Too Much of a Zipf's Thing [Elektronische Daten] Washington International Monetary Fund Jan. 2008 1 online resource (10 p.) Free full text available for some or all content. Article availability is subject to change without notice, according to publisher decision. Die Verfügbarkeit der Online-Ressourcen ist Entscheidung des Verlags oder des Urhebers und kann ohne vorherige Ankündigung geändert werden. Annotation Concentrated distribution of international reserves is puzzling. I show that the growth rates of international reserves bear only a very weak relationship to their initial stocks (scaled by GDP or in absolute terms), and that, by implication, the cross-sectional distribution of reserves conforms to Zipf's law. the law states that the size of reserves is inversely related to their ranking. Evidence in favor of the law is strong and time robust. I compare the crosssection distribution of international reserves embedded in the WEO projections to that implied by Zipf's law and find that international reserves are much less concentrated in the WEO projections than implied by Zipf's law. http://elibrary.imf.org/view/IMF001/08950-9781451868739/08950-9781451868739/08950-9781451868739.xml Volltext frei zugänglich BK020053 XK020053 XK020000 IMF E-Library E-Books von 360MarcUpdates IDSBB FREE FREE OL NELFREE2004 IDSBB 100 1- Sumlinski Mariusz A. Author IDSBB 856 40 http://elibrary.imf.org/view/IMF001/08950-9781451868739/08950-9781451868739/08950-9781451868739.xml Volltext frei zugänglich SWISSBIB 085880000