Demand for International Reserves in Turkey [PDF]
Having an important place in the international monetary system, international reserves held by central bank usually reflect country’s economic strength in terms of international finance and trade. There are many reasons for holding international reserves
Yimaz Sinem
doaj +2 more sources
The currency composition of international reserves, demand for international reserves, and global safe assets [PDF]
Abstract This paper examines determinants of the international reserves (IR) currency composition before and after the Global Financial Crisis (GFC). Applying the annual data of 58 countries, we confirm that countries that trade more with the US, euro zone, UK, and Japan, and issue more debt denominated in the big four currencies (US dollar, euro ...
Joshua Aizenman +2 more
exaly +3 more sources
Macroeconomic determinants of the demand for international reserves in Bangladesh [PDF]
Recent financial crises have heightened the demand from emerging markets' and developing countries’ central banks for international reserves that can meet their emergency foreign currency liquidity needs at times of halts in capital flow. The necessity of reserves for weathering external shocks is well documented in the literature.
Saidul Islam
exaly +2 more sources
Financial crises, capital liquidation and the demand for international reserves [PDF]
We study a simple neoclassical model of investment in a developing country, modified to allow for long-term projects and short-term debt. Early signals indicating low productivity of investment may lead creditors to call loans in early. In such a crisis,
Mourmouras, Alex, Russel, Steven H.
core +5 more sources
The Demand for International Reserves: A Case Study of Pakistan [PDF]
Reserves-holding policy has been a main area of concern for policy-makers, researchers, and planners since the beginning of the Bretton Woods system.
Eatzaz Ahmed, Karim Khan
core +3 more sources
Dynamic Adjustment and the Demand for International Reserves [PDF]
Although there have been a large number of empirical studies of the demand for international reserves, there have not been many successful demonstrations that deviations of the actual stock of reserves from the target level defined by the demand function trigger a process of adjustment. This paper presents new evidence which suggests that central banks
John F. Bilson, Jacob Frenkel
openaire +2 more sources
Demand for international reserves: evidence from East Asia [PDF]
This paper examines the demand for international reserves in nine East Asian economies during the period 1970-2005 using panel cointegration and Fully Modified Ordinary Least Squares (FMOLS). The panel cointegration tests find the existence of a long-run relationship between the demand for international reserves and its determinants.
Nor, Eliza +2 more
openaire +1 more source
DETERMINING KEY DETERMINANTS OF DEMAND FOR INTERNATIONAL RESERVES IN UKRAINE: COINTEGRATION ANALYSIS
In this paper we searched for the most important determinants of reserve holdings inUkraineusing quarterly data from 2000 to 2013 years. We evaluated their importance using two econometric techniques: autoregressive distributed lag (ARDL) approach and ...
M. I. Makarenko, D. V. Gordieieva
doaj +1 more source
Supply Chain Resilience of Mineral Resources Industry in China
Improving the supply chain resilience of the mineral resources industry is crucial for ensuring national economic security in China. Based on the supply and demand data of China’s mineral resources industry from 2002 to 2018, this study adopts system ...
Rui Jiang +3 more
doaj +1 more source
The Demand for International Reserves in Lesotho
The study examines Lesotho’s demand for holding international reserves and assesses the country’s reserve adequacy position over the period 1981- 2012. The results from the standard reserve adequacy benchmarks reveal that Lesotho generally has sufficient stock of foreign reserves to satisfy the minimum adequacy requirements, with the level of reserves ...
Molapo, Senei Solomon +1 more
openaire +2 more sources

