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Paper Information

Journal:   TAHGHIGHAT-E-EGHTESADI   Summer 2004 , Volume - , Number 65; Page(s) 1 To 31.
 
Paper: 

DEMAND FOR INTERNATIONAL RESERVES IN RESOURCE BASED COUNTRIES

 
 
Author(s):  BIRIA S., FARZINVASH A.A.
 
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Abstract: 
An empirical analysis of demand for international reserves for twenty Resource- Based Countries is investigated, which is based on a error correction model, and panel data is used for estimation. Besides addressing conventional issues, the model explicity incorporates the impact of expected exporting revenues and the impact of the exchange rate system on reserve demand. The result reveals that, shortrun money market disequilibrium have not any significant effect on demand for international reserve in resource based countries. In addition, expected exporting revenues have positive longrun effect, while exchange rate flexibility has negative effect on demand for reserve in these countries.
 
Keyword(s): DEMAND FOR INTERNATIONAL RESERVES, EXPECTED EXPORTING REVENUES, ERROR CORRECTION MODEL, ,PANEL DATA, RESOURCE BASED COUNTRIES.
 
References: 
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