Citation
Nor, Eliza and Mohamed, Azali and Law, Siong Hook
(2009)
Demand for international reserves: evidence from East Asia.
American Journal of Finance and Accounting, 1 (3).
pp. 297-311.
ISSN 1752-7767; ESSN: 1752-7775
Abstract
This paper examines the demand for international reserves in nine East Asian economies during the period 1970-2005 using panel cointegration and Fully Modified Ordinary Least Squares (FMOLS). The panel cointegration tests find the existence of a long-run relationship between the demand for international reserves and its determinants. The panel group FMOLS results indicate that current account balance and total external debt are statistically significant and exert a positive and negative impact, respectively, on the demand for international reserves in East Asia.
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Official URL or Download Paper: https://www.inderscienceonline.com/doi/abs/10.1504...
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| DOI Number: | https://doi.org/10.1504/AJFA.2009.026485 |
| Publisher: | Inderscience Enterprises |
| Keywords: | International finance; International reserves; Current account; External debt; Panel cointegration; Fully modified least squares; East Asia |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 14 Aug 2018 08:51 |
| Last Modified: | 14 Aug 2018 08:51 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1504/AJFA.2009.026485 |
| URI: | http://psasir.upm.edu.my/id/eprint/13887 |
| Statistic Details: | View Download Statistic |
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