Was the Asian crisis a wake-up call? foreign reserves as self-protection

Was the Asian crisis a wake-up call? foreign reserves as self-protection

This paper digs deeper into the self-protection rationale for holding reserves by examining the empirical link between reserve holding patterns and crisis vulnerability. Analyzing data for 51 developing countries during the period 1982-2004, it finds evidence that the elasticity of developing countr...

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Bibliographic Details
Main Author: Mendoza, Ronald U. (Author)
Format: Electronic Resource
Language:English
Published: Ann Arbor Michigan ProQuest LLC [2008]
Subjects:
Developing countries > Economic conditions.
Developing countries > Economic policy.
Banks and banking, Central > Developing countries.
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