Welfare-Enhancing Accumulation of Foreign Reserves
نویسندگان
چکیده
منابع مشابه
Making Sense of China’s Excessive Foreign Reserves
Large uninsured risk, severe borrowing constraints, and rapid income growth can create excessively high household saving rates and large current account surpluses for emerging economies. Therefore, the massive foreign-reserve buildups by China are not necessarily the intended outcome of any government policies or an undervalued home currency, but instead a natural consequence of the countrys r...
متن کاملForeign Dollar Reserves and Financial Stability
Countries have accumulated massive foreign reserve portfolios, but the reasons for doing so remain debated. I document a new empirical fact on the compositions of foreign reserve portfolios, and argue that the prevalence of the dollar supports an explanation in which foreign reserves hedge liquidity shocks to dollarized financial systems. First, I fit a Bayesian dynamic linear model to extract ...
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 کاملTTG 1 regulates accumulation of seed reserves
Running Head: 1 TTG1 regulates accumulation of seed reserves 2 3 4 Corresponding Author: 5 Hao Yu 6 Department of Biological Sciences and Temasek Life Sciences Laboratory 7 National University of Singapore 8 10 Science Drive 4 9 117543, Singapore 10 11 Tel: 65-65163048 12 E-mail: [email protected] 13 14 15 Research Area: 16 Genes, Development and Evolution 17 18 19 20 21 22 23 Plant Physiolog...
متن کاملForeign 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 کاملذخیره 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: Modern Economy
سال: 2012
ISSN: 2152-7245,2152-7261
DOI: 10.4236/me.2012.35090