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Demand for international reserves: evidence from East Asia


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


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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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
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