Question: Referring to China: To Float or Not To Float by LAURA ALFARO and RAFAEL DI TELLA, What are some benefits of holding FX reserves (

Referring to "China: To Float or Not To Float" by LAURA ALFARO and
RAFAEL DI TELLA, What are some benefits of holding FX reserves (recall the Asian financial crisis of 1997)? Are any cost and problems associated with holding too many FX reserves?

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