Can Higher Reserves Help Reduce Exchange Rate Volatility?

Can Higher Reserves Help Reduce Exchange Rate Volatility?
This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging market countries. The study employs a panel of 28 countries over the period 1986-2002. Several control variables are introduced in the regressions to account for other factors affecting exchange rate volatility (monetary and... READ MORE...

Publication date: October 2004
ISBN 9781451859645
$15.00

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