In this paper, based on error correction model by using panel data, an empirical analysis of demand for international reserves for 16 Islamic countries is investigated. Besides addressing conventional issues, the model explicitly incorporates the impact of expected export revenues and the impact of the exchange rate system on reserve demand. The results reveal that, short run money market diseq...

For purposes of this subpart: Bank holding company means any company that controls a bank (as provided in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.)). Consultant. For purposes of this subpart, a consultant for a national bank, savings association, bank holding company, savings and loan holding company, or other company shall include only an individual who works d...

I show that the US dollar earns a safety premium versus a basket of foreign currencies and that this premium is particularly high in times of global financial stress. These findings support the view that the dollar acts as the reserve currency for the international monetary system and that it is a natural safe haven in times of crisis, when a global flight to quality toward the reserve currency...

In past years, China recorded a fast sustainable economic growth with an estimated average GDP growth rate of 9.7% in the period of 1980-2008, turning China into the world’s second largest economy. With an export oriented economic model, China is the most attractive developing country for FDI flows, both short and long term. In this regard, China has been able to achieve a foreign exchange rese...

The main objective of this study is to examine the existence and nature relationship between exchange rate foreign reserves. To avoid influencing market expectations, intervention program should indicate in advance nature, frequency, size central bank's transactions. Thus, sense, it essential determine interventions made from for official reserve. Following realization study, was highlighted co...

Abstract This paper empirically examines the likelihood of any long-run relationship between real exchange rate and real interest rate (RERI) differentials in China using vector autoregressive model (VAR) and hybrid cointegration methodology. The preliminary results based on some limited monthly data are indicative of a rather weak long run relationship. However, the empirical investigation als...

Foreign exchange reserves is an economic variable that very important to pay attention to. International trade something makes foreign important. calculated by a country as property or wealth in currency. In this study, research related factors can affect the position of Indonesia's will be carried out. The data used obtained from official website Bank Indonesia on publication page. then out em...