Demand for international reserves: evidence from East Asia
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 internati...
| 主要な著者: | , , |
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| フォーマット: | 論文 |
| 言語: | English |
| 出版事項: |
Inderscience Enterprises
2009
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| オンライン･アクセス: | http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf |
| _version_ | 1825945322567761920 |
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| author | Nor, Eliza Mohamed, Azali Law, Siong Hook |
| author_facet | Nor, Eliza Mohamed, Azali Law, Siong Hook |
| author_sort | Nor, Eliza |
| collection | UPM |
| description | 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. |
| first_indexed | 2024-03-06T07:29:41Z |
| format | Article |
| id | upm.eprints-13887 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:29:41Z |
| publishDate | 2009 |
| publisher | Inderscience Enterprises |
| record_format | dspace |
| spelling | upm.eprints-138872018-08-14T08:51:31Z http://psasir.upm.edu.my/id/eprint/13887/ Demand for international reserves: evidence from East Asia Nor, Eliza Mohamed, Azali Law, Siong Hook 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. Inderscience Enterprises 2009 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf 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 https://www.inderscienceonline.com/doi/abs/10.1504/AJFA.2009.026485 10.1504/AJFA.2009.026485 |
| spellingShingle | Nor, Eliza Mohamed, Azali Law, Siong Hook Demand for international reserves: evidence from East Asia |
| title | Demand for international reserves: evidence from East Asia |
| title_full | Demand for international reserves: evidence from East Asia |
| title_fullStr | Demand for international reserves: evidence from East Asia |
| title_full_unstemmed | Demand for international reserves: evidence from East Asia |
| title_short | Demand for international reserves: evidence from East Asia |
| title_sort | demand for international reserves evidence from east asia |
| url | http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf |
| work_keys_str_mv | AT noreliza demandforinternationalreservesevidencefromeastasia AT mohamedazali demandforinternationalreservesevidencefromeastasia AT lawsionghook demandforinternationalreservesevidencefromeastasia |