The impacts of financial integration on the linkages between monetary independence and foreign exchange reserves

This paper investigates the short-run and long-run effects of financial integration on the dynamics between monetary independence and foreign exchange reserves using a GMM system estimation involving two-year non-overlapping average data (2000-2011) from 114 countries. The results indicate that the...

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Bibliographic Details
Main Authors: Law, Chee Hong, Tee, Chee Lip, Lau, Wei Theng
Format: Article
Language:English
Published: Routledge 2019
Online Access:http://psasir.upm.edu.my/id/eprint/82505/1/The%20impacts%20of%20financial%20integration%20on%20the%20linkages%20between%20monetary%20independence%20and%20foreign%20exchange%20reserves.pdf