Jinjarak, Yothin; Noy, Ilan; Ta, Quy - 2021
We evaluate the change in international reserves in the aftermath of significant external shocks. We examine the … response of international reserves to shocks by using a quasi-experimental setup and focusing on earthquakes. The estimation is …) countries exposed accumulate reserves, for precautionary reasons, (ii) trade openness is positively associated with the post …