Can Governments Sleep More Soundly When Holding International Reserves? a Banking and Financial Vulnerabilities Perspective*

dc.authorscopusid 37049229100
dc.authorscopusid 6507787290
dc.authorscopusid 23978235900
dc.authorwosid karadeniz yılmaz, yasemin/JQW-8370-2023
dc.contributor.author Sallenave, Audrey
dc.contributor.author Allegret, Jean-Pierre
dc.contributor.author Omay, Tolga
dc.contributor.other Economics
dc.date.accessioned 2024-07-05T15:25:27Z
dc.date.available 2024-07-05T15:25:27Z
dc.date.issued 2024
dc.department Atılım University en_US
dc.department-temp [Sallenave, Audrey] Univ Toulon & Var, LEAD, Toulon, France; [Allegret, Jean-Pierre] Univ Cote Azur Sophia Antipolis, GREDEG, CNRS, Reg Sud, Nice, France; [Omay, Tolga] Atilim Univ, Ankara, Turkiye en_US
dc.description.abstract We use a sample of 40 developing and emerging countries over the period 1995-2015 to assess the effectiveness of international reserve holding as a crisis mitigator. We test the relevance of the reserve accumulation decreasing returns assumption by estimating the most recent version of the PSTR model. We find that increasing stocks of international reserves allows domestic authorities to mitigate the negative impacts of financial and banking vulnerabilities on GDP growth rates leading to reject the decreasing returns assumption. This evidence is robust to sensitivity checks. en_US
dc.identifier.citationcount 0
dc.identifier.doi 10.1080/00036846.2023.2177597
dc.identifier.endpage 1762 en_US
dc.identifier.issn 0003-6846
dc.identifier.issn 1466-4283
dc.identifier.issue 15 en_US
dc.identifier.scopus 2-s2.0-85148509107
dc.identifier.startpage 1748 en_US
dc.identifier.uri https://doi.org/10.1080/00036846.2023.2177597
dc.identifier.uri https://hdl.handle.net/20.500.14411/2543
dc.identifier.volume 56 en_US
dc.identifier.wos WOS:000936088000001
dc.identifier.wosquality Q2
dc.institutionauthor Omay, Tolga
dc.language.iso en en_US
dc.publisher Routledge Journals, Taylor & Francis Ltd en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 0
dc.subject Official reserves en_US
dc.subject emerging and developing economies en_US
dc.subject banking and financial vulnerabilities en_US
dc.subject panel smooth transition regression model en_US
dc.title Can Governments Sleep More Soundly When Holding International Reserves? a Banking and Financial Vulnerabilities Perspective* en_US
dc.type Article en_US
dc.wos.citedbyCount 0
dspace.entity.type Publication
relation.isAuthorOfPublication c49f4d4e-0fdb-400e-ba3c-62ec300b5c96
relation.isAuthorOfPublication.latestForDiscovery c49f4d4e-0fdb-400e-ba3c-62ec300b5c96
relation.isOrgUnitOfPublication f17c3770-9c6e-4de2-90e7-73c30275c2f9
relation.isOrgUnitOfPublication.latestForDiscovery f17c3770-9c6e-4de2-90e7-73c30275c2f9

Files

Original bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Can governments sleep more soundly when holding international reserves A banking and financial vulnerabilities perspective.pdf
Size:
1.79 MB
Format:
Adobe Portable Document Format

Collections