As per the reports published by the International Monetary Fund (IMF), the developing economies across the world are holding a massive stockpile of foreign exchange reserves.Which of the following is/are the resultant consequences of this type of stockpilings by various nations ?
[A] A trade imbalance (vast difference in value of imports/exports) is generated between the developing and and emerging economies and the rich countries .It is not a healthy sign.
[B] Many economist are of the opinion that these imbalances created the underpinning of the current global economic crises.
[C] This stockpiling is responsible not only for problems in trade imbalances but has also created a problem of money laundering.
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