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...

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Dades bibliogràfiques
Autor principal: Ruiz-Arranz, Marta
Altres autors: Zavadjil, Milan
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2008.
Col·lecció:IMF Working Papers; Working Paper ; No. 2008/192
Accés en línia:Full text available on IMF