Demand for international reserves: evidence from East Asia
This paper examines the demand for international reserves in nine East Asian economies during the period 1970-2005 using panel cointegration and Fully Modified Ordinary Least Squares (FMOLS). The panel cointegration tests find the existence of a long-run relationship between the demand for internati...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Inderscience Enterprises
2009
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/13887/ http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf |
| _version_ | 1848842238671454208 |
|---|---|
| author | Nor, Eliza Mohamed, Azali Law, Siong Hook |
| author_facet | Nor, Eliza Mohamed, Azali Law, Siong Hook |
| author_sort | Nor, Eliza |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper examines the demand for international reserves in nine East Asian economies during the period 1970-2005 using panel cointegration and Fully Modified Ordinary Least Squares (FMOLS). The panel cointegration tests find the existence of a long-run relationship between the demand for international reserves and its determinants. The panel group FMOLS results indicate that current account balance and total external debt are statistically significant and exert a positive and negative impact, respectively, on the demand for international reserves in East Asia. |
| first_indexed | 2025-11-15T07:55:58Z |
| format | Article |
| id | upm-13887 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:55:58Z |
| publishDate | 2009 |
| publisher | Inderscience Enterprises |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-138872018-08-14T08:51:31Z http://psasir.upm.edu.my/id/eprint/13887/ Demand for international reserves: evidence from East Asia Nor, Eliza Mohamed, Azali Law, Siong Hook This paper examines the demand for international reserves in nine East Asian economies during the period 1970-2005 using panel cointegration and Fully Modified Ordinary Least Squares (FMOLS). The panel cointegration tests find the existence of a long-run relationship between the demand for international reserves and its determinants. The panel group FMOLS results indicate that current account balance and total external debt are statistically significant and exert a positive and negative impact, respectively, on the demand for international reserves in East Asia. Inderscience Enterprises 2009 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf Nor, Eliza and Mohamed, Azali and Law, Siong Hook (2009) Demand for international reserves: evidence from East Asia. American Journal of Finance and Accounting, 1 (3). pp. 297-311. ISSN 1752-7767; ESSN: 1752-7775 https://www.inderscienceonline.com/doi/abs/10.1504/AJFA.2009.026485 10.1504/AJFA.2009.026485 |
| spellingShingle | Nor, Eliza Mohamed, Azali Law, Siong Hook Demand for international reserves: evidence from East Asia |
| title | Demand for international reserves: evidence from East Asia |
| title_full | Demand for international reserves: evidence from East Asia |
| title_fullStr | Demand for international reserves: evidence from East Asia |
| title_full_unstemmed | Demand for international reserves: evidence from East Asia |
| title_short | Demand for international reserves: evidence from East Asia |
| title_sort | demand for international reserves: evidence from east asia |
| url | http://psasir.upm.edu.my/id/eprint/13887/ http://psasir.upm.edu.my/id/eprint/13887/ http://psasir.upm.edu.my/id/eprint/13887/ http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf |