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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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
2008.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2008/192 |
| 在线阅读: | Full text available on IMF |