Reserve-Asset Preferences and the Confidence Problem in the Crisis Zone
Lawrence H. Officer, Thomas D. Willett
The Quarterly Journal of Economics · 1969 · Volume 83 · Issue 4
Abstract
I. Introduction, 688. — II. Restraints on the portfolio-management incentive for gold conversion, 689. — III. The adjustment-signaling incentive for gold conversion, 692. — IV. Summary and conclusions, 694.
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