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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...

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Main Authors: Nor, Eliza, Mohamed, Azali, Law, Siong Hook
Format: Article
Language:English
Published: Inderscience Enterprises 2009
Online Access:http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf
http://psasir.upm.edu.my/id/eprint/13887/
https://www.inderscienceonline.com/doi/abs/10.1504/AJFA.2009.026485
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spelling my.upm.eprints.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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Article
author Nor, Eliza
Mohamed, Azali
Law, Siong Hook
spellingShingle Nor, Eliza
Mohamed, Azali
Law, Siong Hook
Demand for international reserves: evidence from East Asia
author_facet Nor, Eliza
Mohamed, Azali
Law, Siong Hook
author_sort Nor, Eliza
title Demand for international reserves: evidence from East Asia
title_short 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_sort demand for international reserves: evidence from east asia
publisher Inderscience Enterprises
publishDate 2009
url http://psasir.upm.edu.my/id/eprint/13887/1/Demand%20for%20international%20reserves%20evidence%20from%20East%20Asia.pdf
http://psasir.upm.edu.my/id/eprint/13887/
https://www.inderscienceonline.com/doi/abs/10.1504/AJFA.2009.026485
_version_ 1643825466536099840
score 13.211869

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