Results 251 to 260 of about 364,575 (300)

Modelling China's demand for international reserves

Applied Financial Economics, 1995
This paper employs a version of the error correction model to investigate China's demand for international reserves in the period 1980:1 to 1990:4. China's officially quoted reserves included the net foreign exchange balance of the country's foreign exchange bank (Bank of China) during this period, but the reserves truly owned by the state were ...
exaly   +2 more sources

Kalman filter approach to estimate the demand for international reserves

Applied Economics, 2004
A few studies have provided empirical support for the fact that the demand for international reserves experienced structural instability in 1973 and 1979 due to a change in exchange rate system and oil price shocks. Thus, under the current managed float due to exchange rate and oil price fluctuations, coefficient estimates could be time dependent ...
Mohsen Bahmani-Oskooee
exaly   +2 more sources

Demand for international reserves: a review article

Applied Economics, 2002
Mohsen Bahmani-Oskooee
exaly   +2 more sources

The Demand for International Reserves

The Review of Economics and Statistics, 1965
IF economists could measure the need for reserves, they might be able to agree on the right way to reform the international monetary system. Most of the economists who propose drastic reform do so because they anticipate a shortage of reserves; some even believe that the shortage is upon us.
PETER B. KENEN, ELINOR B. YUDIN
openaire   +1 more source

The Demand for International Reserves

Journal of Political Economy, 1967
IN THE last decade, many theoretical and empirical studies have dealt both with the existence and implications of a stable demand function for money and with the adequacy of the existing level of money balances. Despite the many similarities between the functions and characteristics of money and those of international reserves, only the adequacy ...
T. J. Courchene, G. M. Youssef
openaire   +1 more source

Reserves, quotas and the demand for international liquidity

The Review of International Organizations, 2011
The foreign exchange reserves held by emerging market economies rose significantly in the last decade. This increase has been attributed to a desire by these countries to self-insure themselves against financial shocks. The rise in reserves may also reflect their concerns about the size of their IMF quotas, which set limits on the amount of credit that
Joseph P. Joyce, Raul Razo-Garcia
openaire   +1 more source

The Demand for International Reserves by Developed and Less-Developed Countries

Economica, 1974
exaly   +2 more sources

How stable is the demand for international reserves?

Applied Economics Letters, 2011
Previous research that has tested the stability of the reserve demand function uses panel data, without incorporating any adjustment process into the testing procedure when providing evidence of instability in reserve demand. In this article, we use time-series data, as well as a bounds testing approach to error-correction modelling that incorporates ...
Mohsen Bahmani-Oskooee, Scott W. Hegerty
openaire   +1 more source

The stability of the demand for international reserves

Journal of International Money and Finance, 1987
Abstract Empirical studies based on data from the 1960s and 1970s yielded estimated demands for international reserves that have been regarded as stable functions of a limited set of variables, exept during the period surrounding the collapse of the Bretton Woods system.
JoséSaúl Lizondo, Donald J. Mathieson
openaire   +1 more source