Is It Desirable for Asian Economies to Hold More Asian Assets in Their Foreign Exchange Reserves?—The People’s Republic of China’s Answer

The author calculates the return on the major Asian currency denominated long-term government bonds in terms of a basket of the People’s Republic of China’s (PRC) imports of goods and services, namely the real return on those assets from the PRC’s perspective. He shows that it is desirable for the PRC to substitute Asian currency denominated government bonds for US Treasury bills to maintain the purchasing power of its foreign exchange reserves.

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Year of publication:	2011-08-29
Authors:	Zhang, Bin
Institutions:	Asian Development Bank Institute, Asian Development Bank
Subject:	foreign exchange reserves \| currency basket \| asian currencies

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Extent:	application/pdf
Series:	ADBI Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series ADBI Working Papers Number 306 13 pages
Classification:	F21 - International Investment; Long-Term Capital Movements ; F31 - Foreign Exchange ; G11 - Portfolio Choice
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009274323