Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination
Park, Donghyun; Estrada, Gemma B. | August 2009
Abstract
"Donghyun Park and Gemma Estrada use both informal rules of thumb and formal econometric analysis to test whether developing Asia has surplus foreign exchange reserves. They find that the region now has substantial surplus reserves due to a rapid buildup of reserves since the Asian crisis. Therefore, a key short-run policy challenge confronting Asian countries is to use their surplus reserves more productively."
Citation
Park, Donghyun; Estrada, Gemma B.. 2009. Are Developing Asia's Foreign Exchange Reserves Excessive? An Empirical Examination. © Asian Development Bank. http://hdl.handle.net/11540/1823. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
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http://hdl.handle.net/11540/1823Metadata
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