The Resource Can higher reserves help reduce exchange rate volatility?, prepared by Ketil Hviding, Michael Nowak, and Luca Antonio Ricci

Can higher reserves help reduce exchange rate volatility?, prepared by Ketil Hviding, Michael Nowak, and Luca Antonio Ricci

Label
Can higher reserves help reduce exchange rate volatility?
Title
Can higher reserves help reduce exchange rate volatility?
Statement of responsibility
prepared by Ketil Hviding, Michael Nowak, and Luca Antonio Ricci
Creator
Contributor
Author
Issuing body
Subject
Language
eng
Summary
This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging market countries. The study employs a panel of 28 countries over the period 1986-2002. Several control variables are introduced in the regressions to account for other factors affecting exchange rate volatility (monetary and external indicators as well as conventional macroeconomic fundamentals). The paper controls for the endogeneity induced by the role of the exchange rate regime, since the regime can affect both the level of reserves and exchange rate volatility. The results provide ample support for the proposition that holding adequate reserves reduces exchange rate volatility. The effect is strong and robust; moreover, it is nonlinear and appears to operate through a signaling effect
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.45
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/189
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF working paper
Series volume
WP/04/189
Label
Can higher reserves help reduce exchange rate volatility?, prepared by Ketil Hviding, Michael Nowak, and Luca Antonio Ricci
Publication
Antecedent source
file reproduced from original
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647152572
Dimensions
unknown
Extent
1 online resource (32 pages)
File format
one file format
Form of item
online
Isbn
9781451905007
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37162494
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647152572
  • imf1451905009
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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