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The cost of holding foreign exchange reserves. (2019). Gomez, Juan Francisco ; Yeyati, Eduardo Levy.
In: School of Government Working Papers.
RePEc:udt:wpgobi:wp_gob_2018_7.

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Cites: 28

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  1. Leaning-Against-the-Wind Intervention and the “Carry-Trade” View of the Cost of Reserves. (2022). Levy Yeyati, Eduardo ; Gomez, Juan Francisco ; Levy-Yeyati, Eduardo.
    In: Open Economies Review.
    RePEc:kap:openec:v:33:y:2022:i:5:d:10.1007_s11079-022-09689-z.

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  2. The Size and the Main Determinants of China’s Official Currency Reserves in the Period 1990-2019. (2021). misztal, piotr.
    In: European Research Studies Journal.
    RePEc:ers:journl:v:xxiv:y:2021:i:1:p:568-582.

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  3. How should Central Banks accumulate reserves?. (2020). Sturzenegger, Federico.
    In: Working Papers.
    RePEc:sad:wpaper:139.

    Full description at Econpapers || Download paper

  4. Relationship between International Reserves and FX Rate Movements. (2020). Yoon, Seong-Min ; Lee, Yeonjeong.
    In: Sustainability.
    RePEc:gam:jsusta:v:12:y:2020:i:17:p:6961-:d:404583.

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References

References cited by this document

  1. Adler, G. and C. E. Tovar, 2011, Foreign Exchange Intervention: A Shield Against Appreciation Winds?, IMF Working Paper WP/11/165.

  2. Aizenman, J. and K. Lee, 2005. International reserves: precautionary versus mercantilist views, theory and evidence. IMF working Paper N 05/198.

  3. Barr, N., and P. Diamond, 2006. The economics of pensions. Oxford review of economic policy, 22 (1): 15-39.

  4. BIS Paper No. 73. Blinder, A. S., et al., 2008. Central bank communication and monetary policy: A survey of theory and evidence. Journal of Economic Literature, 46 (4): 910-45.

  5. BIS, 2005. Foreign Exchange Market Intervention in Emerging Markets: Motives, Techniques, and Implications. BIS Paper No. 24.
    Paper not yet in RePEc: Add citation now
  6. BIS, 2013. Market volatility and foreign exchange intervention in EMEs: what has changed?.
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  7. Calvo, G., Leiderman L. and C. Reinhart, 1993. Capital Inflows and Real Exchange Rate Appreciation in Latin America. IMF Staff Papers, 40 (1): 108-151.

  8. Cheng, G., 2016. The Global Financial Safety Net through the Prism of G20 Summits. European Stability Mechanism. Working Papers Series No. 13.

  9. Cordella, T. and E. Levy Yeyati, 2010. Global safety nets: The IMF as a swap clearing house.
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  10. Daude, C., Levy Yeyati, E. and A. Nagengast, 2014. On the effectiveness of exchange rate intervention in emerging markets. OECD Development Centre Working Paper No. 324.

  11. European Economic Review, 49 (6): 1603-1635. Levy Yeyati, E. and F. Sturzenegger, 2010. Monetary and Exchange Rate Policies and Economic Development, in Rosenzweig, M. and D. Rodrik (eds.), Handbook of Development Economics 5, Chapter 64, Elsevier.

  12. Feldstein, M., 1999. A Self-Help Guide for Emerging Markets. Foreign Affairs, 78 (2): 93-109.

  13. Fernández-Arias, E. and E. Levy Yeyati, 2010. Global Financial Safety Nets: Where Do We Go from Here? IDB Working Paper Series No. 231.

  14. González Rozada, M., and E. Levy Yeyati, 2005. Global Factors and Emerging Market Spreads.

  15. IDB Working Paper 552. Jeanne, O. and R. Ranciere, 2006. The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications. IMF Working Paper 06/229.

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  21. Levy Yeyati, E., 2006b. Financial Dollarization. Economic Policy 21 (45): 61-118.

  22. Levy Yeyati, E., 2010. What drives reserve accumulation (and at what cost)?. VoxEU.org.
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  23. Obstfeld, M., Shambaugh J.C. and A.M. Taylor, 2010. Financial stability, the trilemma, and international reserves. American Economic Journal: Macroeconomics, 2 (2): 57-94.

  24. Richhild M. and W.A. Allen, 2010. Options for meeting the demand for international liquidity during financial crisis. BIS Quarterly Review, 51-61.

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  26. Sarno, L. and M. Taylor, 2001. Official intervention in the foreign exchange market: is it effective and, if so, how does it work?. Journal of Economic Literature, 39 (3): 839-868.

  27. Sarno, L. and M. Taylor, 2002. The economics of Exchange Rates, Cambridge, Cambridge University Press.
    Paper not yet in RePEc: Add citation now
  28. VoxEU.org. Cowen, K., Levy Yeyati, E., Panizza, U. and F. Sturzenegger, 2006. Sovereign Debt in the Americas: New Data and Stylized Facts. CIF Working Paper No. 9.

Cocites

Documents in RePEc which have cited the same bibliography

  1. How should Central Banks accumulate reserves?. (2020). Sturzenegger, Federico.
    In: Working Papers.
    RePEc:sad:wpaper:139.

    Full description at Econpapers || Download paper

  2. The cost of holding foreign exchange reserves. (2019). Gomez, Juan Francisco ; Yeyati, Eduardo Levy.
    In: School of Government Working Papers.
    RePEc:udt:wpgobi:wp_gob_2018_7.

    Full description at Econpapers || Download paper

  3. The cost of holding foreign exchange reserves. (2019). Levy Yeyati, Eduardo ; Gomez, Juan.
    In: School of Government Working Papers.
    RePEc:udt:wpgobi:201901.

    Full description at Econpapers || Download paper

  4. Accumulation of reserves in emerging and developing countries: mercantilism versus insurance. (2019). De Gregorio, Jose ; Cabezas, Luis.
    In: Review of World Economics (Weltwirtschaftliches Archiv).
    RePEc:spr:weltar:v:155:y:2019:i:4:d:10.1007_s10290-019-00353-2.

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  5. Foreign exchange interventions in Brazil and their impact on volatility: A quantile regression approach. (2019). Klotzle, Marcelo ; da Silveira, Claudio Henrique ; Figueiredo, Antonio Carlos ; Viola, Alessandra Pasqualina.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:47:y:2019:i:c:p:251-263.

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  6. The Cost of Holding Foreign Exchange Reserves. (2019). Levy Yeyati, Eduardo.
    In: CID Working Papers.
    RePEc:cid:wpfacu:353.

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  7. Foreign Exchange Intervention Redux. (2019). Chang, Roberto.
    In: Central Banking, Analysis, and Economic Policies Book Series.
    RePEc:chb:bcchsb:v26c07pp205-247.

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  8. Do Exchange Rate Shocks Have Asymmetric Effects on Reserve Accumulation? Evidence from Emerging Markets. (2019). Chen, Shiu-Sheng ; Lin, Tzuyu.
    In: Scandinavian Journal of Economics.
    RePEc:bla:scandj:v:121:y:2019:i:4:p:1561-1586.

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  9. Accumulation of Reserves in Emerging and Developing Countries: Mercantilism vs. Insurance. (2018). De Gregorio, Jose ; Cabezas, Luis.
    In: Working Papers.
    RePEc:udc:wpaper:wp467.

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  10. Central bank interventions in a dollarized economy: managed floating versus inflation targeting. (2018). Mundaca, Gabriela.
    In: Empirical Economics.
    RePEc:spr:empeco:v:55:y:2018:i:4:d:10.1007_s00181-017-1331-5.

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  11. A Theory of Foreign Exchange Interventions. (2018). Straub, Ludwig ; Fanelli, Sebastian.
    In: 2018 Meeting Papers.
    RePEc:red:sed018:1270.

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  12. An Empirical Test for the Effectiveness of Central Bank Interventions in Foreign Exchange Markets: An Application to the Canadian and Swiss Central Banks. (2018). Abbuy, Kwami Edem.
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  13. Managing Capital Outflows with Limited Reserves. (2018). Ostry, Jonathan ; Ghosh, Atish ; Basu, Suman S ; Winant, Pablo E.
    In: IMF Economic Review.
    RePEc:pal:imfecr:v:66:y:2018:i:2:d:10.1057_s41308-018-0055-7.

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  14. On the Effectiveness of Central Bank Intervention in the Foreign Exchange Market: The Case of Slovakia, 1999–2007. (2018). Odor, Ludovit ; Banerjee, Biswajit ; Riiska, William O ; Zeman, Juraj.
    In: Comparative Economic Studies.
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  15. Foreign Exchange Intervention Redux. (2018). Chang, Roberto.
    In: NBER Working Papers.
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  16. Taming the Tide of Capital Flows: A Policy Guide. (2018). Qureshi, Mahvash S ; Ostry, Jonathan D ; Ghosh, Atish R.
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  17. The Effects of Monetary and Exchange Rate Policy Shocks: Evidence from an Emerging Market Economy. (2018). Villamizar-Villegas, mauricio ; Onder, Yasin.
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  18. Real exchange rate policies for economic development. (2018). Stiglitz, Joseph ; Ocampo, Jose Antonio ; Guzman, Martin.
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  19. Sterilized interventions and capital controls. (2018). Prasad, Nalini.
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  20. Two Models of FX Market Interventions: The Cases of Brazil and Mexico. (2018). Yslas, Renato ; Tobal, Martin.
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  23. On the Effectiveness of Central Bank Intervention in the Foreign Exchange Market: The Case of Slovakia, 1999-2007. (2017). Zeman, Juraj ; Odor, Ludovit ; Banerjee, Biswajit ; Riiska, William O.
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  42. Sterilized Foreign Exchange Interventions under Inflation Targeting. (2015). Chamon, Marcos ; Ostry, Jonathan D ; Ghosh, Atish R.
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  46. On the Effectiveness of Exchange Rate Interventions in Emerging Markets. (2014). Nagengast, Arne ; Levy Yeyati, Eduardo ; Daude, Christian.
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