Examining the interactions of high reserves and weak fundamentals in currency crises

This article tackles the issue of reserve adequacy measure by examining the interaction of high reserves and weak fundamentals in crises. The author extends the analysis of Sachs et al. (1996) by adopting on two-step regressions. The first helps find the significant weak fundamental variables. The second determines the appropriate adequate reserve level.

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Year of publication:	2007
Authors:	Li, Jie
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 14.2007, 8, p. 617-621
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005629180