The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries

This paper extends the empirical literature on the relationship between the country risk and the demand for international reserves in selected ASEAN4 economies, namely Malaysia, Indonesia, Thailand and the Philippines, for the period 1980 to 2006. The empirical findings reveal that the fiscal positi...

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Main Author: Mohd Daud S.N., Ahmad A.H.
Format: Article
Language:English
Published: 2018
Subjects:
Online Access:http://ddms.usim.edu.my:80/jspui/handle/123456789/15861
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spelling my.usim-158612018-02-13T03:24:22Z The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries Mohd Daud S.N., Ahmad A.H. Country risk; International reserves; Self-insurance motive This paper extends the empirical literature on the relationship between the country risk and the demand for international reserves in selected ASEAN4 economies, namely Malaysia, Indonesia, Thailand and the Philippines, for the period 1980 to 2006. The empirical findings reveal that the fiscal position and stock of external indebtedness have a huge impact on a country's decision to hold international reserves. In addition, the results also find that Indonesia, a country with the highest risk in terms of economic and financial sectors, has taken corrective measures to deal with any sudden shocks. 2018-02-13T03:24:22Z 2018-02-13T03:24:22Z 2013 Article 15116670 http://ddms.usim.edu.my:80/jspui/handle/123456789/15861 en
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Country risk; International reserves; Self-insurance motive
spellingShingle Country risk; International reserves; Self-insurance motive
Mohd Daud S.N., Ahmad A.H.
The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries
description This paper extends the empirical literature on the relationship between the country risk and the demand for international reserves in selected ASEAN4 economies, namely Malaysia, Indonesia, Thailand and the Philippines, for the period 1980 to 2006. The empirical findings reveal that the fiscal position and stock of external indebtedness have a huge impact on a country's decision to hold international reserves. In addition, the results also find that Indonesia, a country with the highest risk in terms of economic and financial sectors, has taken corrective measures to deal with any sudden shocks.
format Article
author Mohd Daud S.N., Ahmad A.H.
author_facet Mohd Daud S.N., Ahmad A.H.
author_sort Mohd Daud S.N., Ahmad A.H.
title The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries
title_short The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries
title_full The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries
title_fullStr The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries
title_full_unstemmed The International Reserves Holding And Country Risk: Evidence From Selected ASEAN Countries
title_sort international reserves holding and country risk: evidence from selected asean countries
publishDate 2018
url http://ddms.usim.edu.my:80/jspui/handle/123456789/15861
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score 13.226497