Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18028 
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dc.contributor.authorWong, Clement Yuk-pangen
dc.contributor.authorCheung, Yin-Wongen
dc.date.accessioned2009-01-28T15:06:13Z-
dc.date.available2009-01-28T15:06:13Z-
dc.date.issued2008-
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal|c1864-6042|v2|h2008-15|nKiel Institute for the World Economy (IfW)|lKiel|y2008|p1-61en
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-15en
dc.identifier.urihttp://hdl.handle.net/10419/18028-
dc.description.abstractUsing available annual data of 174 economies since 1957, we examine the similarities and differences of seven international reserve ratios. While individual international reserve ratios display substantial variations across economies, they are associated with an economy?s characteristics including geographic location, income level, stage of development, degree of indebtedness, and exchange rate regime. The association pattern varies across time and type of international reserve ratios. Interestingly, there is only limited evidence that Asian and non-Asian economies have significantly different international reserve hoarding behavior. Our results suggest that the inference about whether an economy is hoarding too many or too few international reserves depends on the choice of international reserve ratio. Further, different international reserve ratios exhibit different persistence profiles, but the evidence of dependence on structural characteristics is rather weak.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.subject.jelF40en
dc.subject.jelF30en
dc.subject.ddc330en
dc.subject.keywordInternational reserve ratiosen
dc.subject.keywordstructural characteristicsen
dc.subject.keywordcross-economy analysisen
dc.subject.stwReservewährungen
dc.subject.stwSozialprodukten
dc.subject.stwVergleichen
dc.subject.stwWelten
dc.titleAre All Measures of International Reserves Created Equal? An Empirical Comparison of International Reserve Ratios-
dc.typeArticleen
dc.identifier.ppn567806715en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifweej:7282en
econstor.citation.journaltitleEconomics: The Open-Access, Open-Assessment E-Journalen
econstor.citation.issn1864-6042en
econstor.citation.volume2en
econstor.citation.issue2008-15en
econstor.citation.publisherKiel Institute for the World Economy (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year2008en
econstor.citation.startpage1en
econstor.citation.endpage61en

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