Are Emerging Asia's Reserves Really Too High?

Are Emerging Asia's Reserves Really Too High?
Empirical analysis does not suggest that reserves are "too high" in the majority of Asian countries, though China may be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance model under which reserves provide a steady source of liquidity to cushion the impact of a sudden stop in capital inflows on output... READ MORE...

Publication date: August 2008
ISBN 9781451870503
$18.00

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