Recently accepted by #QJE: “International Reserve Management Under Rollover Crises,” by Barbosa-Alves, Bianchi (@javier-bianchi.bsky.social), and Sosa-Padilla: doi.org/10.1093/qje/...
Abstract. This paper investigates how a government should manage international reserves when it faces the risk of a rollover crisis. We ask, should the gov
