Series: IMF Working Papers
Author(s): Mariusz Sumlinski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2008
Keywords: Gibrat&;amp;#x2019;s law, Zipf&;amp;#x2019;s law, statistics, samples, reserve holdings, reserve accumulation
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...