International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea

By Joshua Aizenman, Yeonho Lee, Yeongseop Rhee. 2007

134 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/2d2010246f71482361d870234185f24ce81c6e33

Citations in the corpus

• Exchange rate dynamics in a peripheral monetary economy (2013, unknown): “…meeting unforeseen requirements, e.g., capital flow reversals) and/or establish a competitive level of exchange rates under export-based growth policies (Aizenman et al., 2004; Carvalho, 2010; Dooley et al., 2005).1 the post Keynesian approach to the determination of exchange rates is a valuable…”
• A Cross-Country Empirical Analysis of International Reserves (2009, unknown): “exposure to external financing, whether they are debts, FDI, or portfolio flows, should hold a high level of international reserves to reduce its vulnerability to financial crises and to boost confidence in their currencies (Aizenman et al., 2004; Feldstein, 1999).(8) Dooley, et al. (2005) offers an”
• International Reserves: Precautionary vs. Mercantilist Views, Theory and Evidence (2005, unknown): “To our knowledge, our paper is the first econometric attempt to evaluate the relevance of the mercantilist approach in the aftermath of the 1997 crisis (see Aizenman and Marion, 2003; Edison, 2003; and Aizenman, Lee, and Rhee, 2004, for earlier empirical analysis of related issues).”