This study primarily focuses on the analysis of contributions foreign exchange reserve to economic growth Nepal by using time series data obtained from year 1975 2018 A.D. In order assess a relationship between these variables, statistical procedure unit root test, cointegration and Vector Error Correction Model (VECM) are applied. addition t-statistics, Wald-test for joint significance coeffic...

China has experienced a large increase in its foreign exchange reserves since 2001, due to a continuous in‡ow of capital and the commitment to maintain a …xed rate against the dollar initially and then a crawling peg exchange rate regime. Among other things, the accumulation of foreign assets has an expansionary monetary e¤ect and poses a challenge for domestic macroeconomic management. As a re...

he adjusted monetary base is an index that measures the effects on a central bank’s balance sheet of its open market operations, discount window lending, unsterilized foreign exchange market intervention, and changes in statutory reserve requirements. Such an index is important because the long-run path of a monetary economy’s price level is primarily determined by the path of the central bank’...

The Israeli government borrows internally and externally, and the Bank of Israel invests the foreign exchanges in various currencies. The borrowing interest rate is generally higher than the lending rate. In addition, the reserves are invested in relatively short-maturity safe assets, while borrowing is for relatively long maturities. This paper studies the structure of the government’s externa...

In this paper, the adequacy of foreign exchange reserves in Serbia and factors that influence their accumulation is analyzed by means an econometric model. The relevant variables, such as gross domestic product (GDP), real effective rate (REER) monetary aggregate M2/GDP are included analysis. unit root tests applied research led to conclusion timeseries were integrated order I(1). cointegration...