The cost of international reserves and external debt: Evidence from Malaysia
This study aims to empirically examine the cost of Malaysia’s decision to jointly hold reserves and sovereign debt after the 1997 Asian financial crisis. This paper provides evidence that Malaysia should hold international reserves of at least 4.96 months of imports, which is higher than the convent...
| Main Authors: | , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2011
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/4470/1/nurazira.pdf |
| _version_ | 1803624863269650432 |
|---|---|
| author | Mohd Daud, Siti Nurazira Ahmad, Abd Halim @ Hamilton |
| author_facet | Mohd Daud, Siti Nurazira Ahmad, Abd Halim @ Hamilton |
| author_sort | Mohd Daud, Siti Nurazira |
| collection | UUM |
| description | This study aims to empirically examine the cost of Malaysia’s decision to jointly hold reserves and sovereign debt after the 1997 Asian financial crisis. This paper provides evidence that Malaysia should hold international reserves of at least 4.96 months of imports, which is higher than the conventional rule of thumb of 3 months of imports. However, in its current international reserves position Malaysia could finance 9.3 months of retained imports, which is far above the optimal level. |
| first_indexed | 2024-07-04T05:25:08Z |
| format | Conference or Workshop Item |
| id | uum-4470 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:25:08Z |
| publishDate | 2011 |
| record_format | dspace |
| spelling | uum-44702016-04-24T06:10:38Z https://repo.uum.edu.my/id/eprint/4470/ The cost of international reserves and external debt: Evidence from Malaysia Mohd Daud, Siti Nurazira Ahmad, Abd Halim @ Hamilton HJ Public Finance This study aims to empirically examine the cost of Malaysia’s decision to jointly hold reserves and sovereign debt after the 1997 Asian financial crisis. This paper provides evidence that Malaysia should hold international reserves of at least 4.96 months of imports, which is higher than the conventional rule of thumb of 3 months of imports. However, in its current international reserves position Malaysia could finance 9.3 months of retained imports, which is far above the optimal level. 2011-07-18 Conference or Workshop Item NonPeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/4470/1/nurazira.pdf Mohd Daud, Siti Nurazira and Ahmad, Abd Halim @ Hamilton (2011) The cost of international reserves and external debt: Evidence from Malaysia. In: National Conference on the Tenth Malaysia Plan: Transformation Towards a High Income Advanced Economy, 18th July 2011, Seri Pacific Hotel, Kuala Lumpur. (Unpublished) http://ijmsconference.uum.edu.my/ |
| spellingShingle | HJ Public Finance Mohd Daud, Siti Nurazira Ahmad, Abd Halim @ Hamilton The cost of international reserves and external debt: Evidence from Malaysia |
| title | The cost of international reserves and external debt: Evidence from Malaysia |
| title_full | The cost of international reserves and external debt: Evidence from Malaysia |
| title_fullStr | The cost of international reserves and external debt: Evidence from Malaysia |
| title_full_unstemmed | The cost of international reserves and external debt: Evidence from Malaysia |
| title_short | The cost of international reserves and external debt: Evidence from Malaysia |
| title_sort | cost of international reserves and external debt evidence from malaysia |
| topic | HJ Public Finance |
| url | https://repo.uum.edu.my/id/eprint/4470/1/nurazira.pdf |
| work_keys_str_mv | AT mohddaudsitinurazira thecostofinternationalreservesandexternaldebtevidencefrommalaysia AT ahmadabdhalimhamilton thecostofinternationalreservesandexternaldebtevidencefrommalaysia AT mohddaudsitinurazira costofinternationalreservesandexternaldebtevidencefrommalaysia AT ahmadabdhalimhamilton costofinternationalreservesandexternaldebtevidencefrommalaysia |