The High Demand for International Reserves in the Far East : What ' s Going On ? by *

@inproceedings{Aizenman2002TheHD,
  title={The High Demand for International Reserves in the Far East : What ' s Going On ? by *},
  author={Joshua Aizenman and Nancy Marion and Joshua Aizenman Nancy P. Marion and nancy. marion},
  year={2002}
}
  • Joshua Aizenman, Nancy Marion, +1 author nancy. marion
  • Published 2002
This paper explores econometric and theoretical interpretations for the relatively high demand for international reserves by countries in the Far East and the relatively low demand by some other developing countries. Using a sample of about 125 developing countries, we show that reserve holdings over the 1980-1996 period seem to be the predictable outcome of a few key factors, such as the size of international transactions, their volatility, the exchange-rate arrangement, and political… CONTINUE READING
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