The new Basel Capital Accord has opened up a discussion concerning the measurement of operational risk for banks. In our paper we do not take a stand on the issue of whether or not a quantitatively measured risk capital charge for operational risk is desirable; however, given that such measurement will come about, we review some of the tools which may be useful towards the statistical analysis ...

Any textbook of macroeconomics will tell you that the starting point of the transmission mechanism of monetary policy is a change in reserves and an associated change in short-term interest rates. Reserves can only be provided by a central bank. Therefore, when a central bank increases its provision of reserves, it is certain that short-term interest rates will decline. Changes in short-term in...

Indonesia as one of the emerging market countries’ utilization external resources foreign debt to a boost in increasing economic growth addition international trade that supports accelerated Economy. Using time-series data period 1988-2017 and using simultaneous approach Two-Stage Least Square (TSLS), research results find out showed reserves have two-way relationship. The study findings macroe...

developing countries that have almost oil reserves have no enough mega projects' management ability, technology and finance resources to manage and finish a mega project. host countries for achievement these technologies and resources have to cooperate with foreign and international companies.  different contractual frameworks are used in conjunction with obtaining these technologies and c...

This paper sets out a new approach to sovereign wealth and risk management, based on the theory of contingent claim analysis (CCA). To manage sovereign risk, it is essential to analyse the sovereign’s balance sheet. The state has to solve an asset-liability management (ALM) problem between its sources of income and its expenditure. The analytical framework for this approach covers all public en...

This study aims to determine the relationship between exports, foreign debt payments, and exchange rates on reserves of Indonesia in 1988-2019. uses secondary data for 31 years Autoregressive Distributed Lag (ARDL) analysis method analyze data. The results this indicate that all variables have no variables, only exports. In short-term testing, export does not a significant effect reserves, paym...

Some studies suggest that fishery yields can be higher with reserves than under conventional management. However, the economic performance of fisheries depends on economic profit, not fish yield. The predictions of higher yields with reserves rely on intensive fishing pressures between reserves; the exorbitant costs of harvesting low-density populations erode profits. We incorporated this effec...

Nigeria’s foreign exchange reserves, which was US$5.4 billion in 1999, rose to an overwhelming level of US$51.3 billion at end-2007 and further to US$53.0 billion in 2008, but owing to the crash in the international price of crude oil in 2008 and the aftermath of the global financial crisis, the reserve declined to US$42.4 billion in 2009. In trying to determine the optimum level, the paper ado...

This paper is concerned with the ability of speculation to generate a currency crisis. We consider a game-theoretic setting between a unit mass of speculators and a government that holds foreign currency reserves. We analyze conditions under which the speculators may be able to force the government to devaluate the currency. Among these conditions, we analyze the role of heterogeneous beliefs, ...