Assess the supply and demand of international reserves. Discuss the major determinants of the demand for international reserves:

1.) the monetary value of international transactions and

2.) the size and duration of balance-of-payments disequilibria. Also, make sure to discuss the major sources of reserves-owned and borrowed.

Your response should be at least 100 words in length.

You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.