Open Access

Econometric VAR Analysis of the Effect of the Foreign Exchange Reserves on Macroeconomic Variables in Emerging Countries: The Case of BRIC Countries


Cite

Abid, S. and Jhawar, N. (2017). “An Analysis of Foreign Exchange Reserves in India since 2001-2016”. IOSR Journal of Economics and Finance, Vol. 8, Issue 2.Search in Google Scholar

Aizenman, J. (2017). “International Reserves, Exchange rates, and Monetary Policy – From the Trilemma to the Quadrilemma”. USC and the NBER.Search in Google Scholar

Aizenman, J., Yothin, J. and Park, D. (2011). “International reserves and swap lines: Substitutes or complements?”. International Review of Economics & Finance, vol. 20(1).Search in Google Scholar

Alfaro, L. and Kanczuk, F. (2017). “Debt Redemption and Reserve Accumulation”. Harvard Business School, Working Paper 13-074.Search in Google Scholar

Bacchetta, P., Benhima, K. and Kalantzis, Y. (2012.) “Capital controls with international reserve accumulation: Can this be optimal?” CEPR Discussion Papers 8753, CEPR Discussion PapersSearch in Google Scholar

Benigno, J. and Fornaro, L. (2012). “Reserve accumulation, growth and financial crises”. CEPR Discussion Papers 1161, Centre for Economic Performance, LSE.Search in Google Scholar

Ayhan, D. and Turgutlu, E. (2015). “Dynamics of international reserve accumulation in Turkish economy”. Journal of Economics and Management, Vol. 20.Search in Google Scholar

Azar, S.A., and Aboukhodor, W. (2017). “Foreign Exchange Reserves and the Macro-economy in the GCC Countries”. Accounting and Finance Research, Vol. 6, No. 3.Search in Google Scholar

Brugger, F. (2015). “Asia’s Reserve Accumulation: Part of a New Paradigm”. Faculty of Social and Economic Sciences, Working Paper 2015-03. Search in Google Scholar

Cheng, G. (2013). “A Growth Perspective of Foreign Reserve Accumulation”, Banque de France, Working Paper No. 443.Search in Google Scholar

Dash, A.K., Shylajan, C.S. and Dutta, S. (2017). “An Empirical Analysis of Macroeconomic Variables Affecting Foreign Exchange Reserves Accumulation in India”. Journal of Applied Business and Economics Vol. 19(5).Search in Google Scholar

Dimitrijević, B. and Fabris, N. (2009). Makroekonomija. Univerzitet Educons, Novi Sad.Search in Google Scholar

Dominguez, K.M.E., Yuko, H. and Takatoshi, I. (2012). “International Reserves and the Global Financial Crisis,” NBER Working Papers 17362.Search in Google Scholar

Drama, B. G. H. (2016). “An examination of foreign exchange reserve and inflation relationship of four West African countries: Evidence from ADRL model”. Journal of Finance and Economics.Search in Google Scholar

Fabris, N. and Lazić, M. (2022). Evaluating the Role of the Exchange Rate in Monetary Policy Reaction Function of Advanced and Emerging Market Economies. Journal of Central Banking Theory and Practice, 11(2), pp 77-96. Search in Google Scholar

Fabris, N. (2022). Impact of Covid-19 Pandemic on Financial Innovation, Cashless Society, and Cyber Risk. Economics-Innovative and Economics Research Journal, 10 (1), 73-86.Search in Google Scholar

Fatum, R. and Yetman, J. (2018). “Accumulation of foreign currency reserves and risk-taking”. BIS Working Papers No. 728.Search in Google Scholar

Khabibullin, R., Ponomarenko, A. and Seleznev, S. (2018). “Forecasting the implications of foreign exchange reserve accumulation with an agentbased model”. The Central Bank of the Russian Federation, Working Paper Series No. 37.Search in Google Scholar

Krušković, B. 2014. “Monetary Strategies, Exchange Rate and Foreign Exchange Reserves“, Economics Faculty, Banja Luka.Search in Google Scholar

Krušković, B. and Maričić, T. (2015). “Empirical Analysis of the Impact of Foreign Exchange Reserves to Economic Growth in Emerging Economics”. Applied Economics and Finance.Search in Google Scholar

Neely, C.J. (2017). “Chinese Foreign Exchange Reserves, Policy Choices and the U.S. Economy“. Federal Reserve Bank of St. Louis, Working Paper Series 2017-001A.Search in Google Scholar

Pina, G. (2011). “The Recent Growth of International Reserves in Developing Economies: A Monetary Perspective”, Universitat Pompeu Fabra.Search in Google Scholar

Poongothai, K. and Kalaipriya, S. (2017). “Foreign exchange reserves in India: Composition and impact”. International Journal of Applied Research.Search in Google Scholar

Sunner, D. (2017). “Trends in Global Foreign Currency Reserves”. Reserve Bank of Australia.Search in Google Scholar

Yazdani, M. and Nikzad, N. (2020). Output Losses from Currency Crises and the Role of Central Bank. Journal of Central Banking Theory and Practice, 10(3), pp 79-97. Search in Google Scholar

Yun, Y. (2018). “Reserve Accumulation and Bank Lending: Evidence from Korea”. Search in Google Scholar

Zhou, G., Yan, X. and Luo, S. (2018). “Financial Security and Optimal Scale of Foreign Exchange Reserve in China“. Sustainability.Search in Google Scholar

eISSN:
2336-9205
Language:
English
Publication timeframe:
3 times per year
Journal Subjects:
Business and Economics, Business Management, other