The social cost of foreign exchange reserves
نویسندگان
چکیده
منابع مشابه
Foreign Exchange Reserves Demand Model Based on Chinese Government Utility Maximization and Analysis of Chinese Foreign Exchange Reserves
At the end of 2010 China’s foreign exchange reserve reached $2847.34 billion, the author designs the maximum government utility function when consider the China government buys a part foreign exchange if company earns, it means that the China government will increase Ren-Min-Bi Yuan. And it will cause inflation. The inflation will cause disutility to government. Finally it gets the optimal fuct...
متن کاملLiquidity management of foreign exchange reserves in continuous time
a r t i c l e i n f o JEL classification: C1 C11 E5 F3 Keywords: Foreign exchange reserves Liquidity management Gamma process In order to cope with daily foreign currency exchange payments or trades and avoid liquidity crisis, central banks need to maintain the liquidity of foreign exchange reserves. In this paper, we develop a Foreign Exchange Reserves Liquidity Management (FERLM) model based ...
متن کاملShould India Use Foreign Exchange Reserves for Financing Infrastructure?
The unprecedented rise in Foreign Exchange Reserves (FER) in some of the Asian countries raises a concern about their optimal size and appropriate utilization. In India too, in recent months, different ways to utilize FER, in particular, to finance infrastructure, have been debated. The Government of India intends to use a part of its FER for infrastructure financing and has announced a scheme ...
متن کاملForeign Reserves and the Common Man
The most oft-repeated remark one hears these days in Pakistan is: What good is this $12 billion of foreign reserves when the plight of the common man is not improving. A lot of so-called learned economists have also opined that this money should be spent by the Government on increasing expenditure for reducing poverty. This paper attempts to address these issues and clarify the confused thinkin...
متن کاملthe foreign policy of russia toward caucasus 2000-2008
after the soviet union dissolution, a chaotic period was begun in the russia. russia lost its glory and felt disgrace. the first group of elites came to power under yeltsin; they tried to re-define russia’s identity as a european country and build a foreign policy on this baseline. therefore russia tried to become closer with the west especially with the u.s. according to their view the sovie...
15 صفحه اولذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Economic Journal
سال: 2006
ISSN: 1016-8737,1743-517X
DOI: 10.1080/10168730600879331