2Agarwal,J.P.,1971,Optimal Monetary Reserve for De-veloping Countries.Weltwirts Chaft Lichs Archiv,(CVII).
3Aizenman,J.,Lee,Y.and Rhee,Y.,2007,InternationalReserves Management and Capital Mobility in a VolatileWorld:Policy Considerations and a Case Study of Korea,Journal of theJapanese and International Economies,Vol.21,No.1.
4Ben-Bassat,A1 and Gottlieb,D.,1992,Optimal Interna-tional Reserves and Sovereign R isk,Journal of Internationa l E-conomics,Vol.33.
