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The British Foreign Exchange Reserves Puzzle [PDF]
The British foreign exchange reserves decreased by 40 percent during the period August 1996-December 1999 although the Pound Sterling is considered a floating exchange rate since it left the EMS in 1992. Since changes in the level of foreign exchange reserves are usually taken as indicators for foreign exchange interventions in the economic literature ...
Hüfner, Felix P.
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The social cost of foreign exchange reserves [PDF]
There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of imports. Assuming reasonable spreads between the yield on reserve assets and the cost of foreign borrowing, the income loss to these countries amounts to ...
Dani Rodrik
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The Impact of Macroeconomic Indicators on Indonesia’s Foreign Exchange Reserve Position
A country’s foreign exchange reserves are its foreign currency savings that can be utilized to finance international transactions. The purpose of this study is to determine how macroeconomic indicators (exports, imports, exchange rates, inflation rates ...
Surya Rahmawati, Suriani Suriani
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OPTIMAL LEVEL OF FOREIGN RESERVES – EXAMPLE OF BOSNIA AND HERZEGOVINA [PDF]
The paper points to the conceptual definition of foreign exchange reserves, the role, importance and objectives for holding foreign exchange reserves as well as evaluating the required amount of foreign exchange reserves, or adequacy of foreign ...
Tijana Šoja
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Effect of Exchange Rate, Foreign Exchange Reserves, and Consumer Price Index on the Shariah Shares Index of Asian Countries [PDF]
Sharia shares are securities proof of equity participation in a company. On the base of this proof of participation shareholders are entitled to a share of income arisen from the company's business.
Dolly Tanzil +2 more
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Serbia’s foreign exchange reserve adequacy and the factors influencing their accumulation [PDF]
In this paper, the adequacy of foreign exchange reserves in the Republic of Serbia (RS) and the factors that influence their accumulation is analyzed by means of an econometric model.
Radovan Kovacevic
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VULNERABILITY TO THE CURRENCY CRISIS: THE CASE OF SERBIA [PDF]
The aim of this paper is to assess the external liquidity and currency stability of the Serbian economy. For this purpose, the following indicators were used: coverage of short-term external debt by foreign exchange reserves, coverage of imports by ...
MARKOVIĆ Milan, MARJANOVIĆ Ivana
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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA INDONESIA
Abstrak Cadangan devisa merupakan bagian penting dari perekonomian suatu negara. Besar kecilnya cadangan devisa dapat dipengaruhi oleh nilai ekspor.
Laeli Lafi Khusnatun +1 more
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The Federal Reserve’s Foreign Exchange Swap Lines [PDF]
The financial crisis that began in August 2007 disrupted U.S. dollar funding markets not only in the United States but also overseas. To address funding pressures internationally, the Federal Reserve introduced a system of reciprocal currency arrangements, or “swap lines,” with other central banks.
Michael J. Fleming, Nicholas Klagge
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This study is about foreign exchange reserves of Bangladesh. The main purpose of this study is to the influence of exchange rateson foreign exchange reserves to the Bangladesh context. Both the primary and secondary data has been used in this study. The primary data has been collected through a structured questionnaire from 50 respondents.
Zahangir Alam, Muhammad Abdur Rahim
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