Was the Asian crisis a wake-up call?: Foreign reserves as self-protection

• Main Author: Mendoza, Ronald U
• Format: text
• Published: Archīum Ateneo 2010
• Subjects: Foreign reserves; Financial stability; Asian crisis; Self-protection
• Online Access: https://archium.ateneo.edu/asog-pubs/125; https://www.sciencedirect.com/science/article/abs/pii/S1049007809000542
• Institution: Ateneo De Manila University

Digging deeper into the self-protection rationale for holding reserves, this paper examines the empirical link between reserve holding patterns and crisis vulnerability, comparing the pre- and post-Asian crisis periods, and across different groups of developing countries. Analyzing data for 51 devel...