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The Social Cost of Foreign Exchange Reserves

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Outgoing claims: the papers this work cites, builds on, or argues with.

inferredcites →https://doi.org/10.1016/j.jdeveco.2004.12.002openalex-snapshot
Sudden stops and the Mexican wave: Currency crises, capital flow reversals and output loss in emerging markets
inferredcites →https://doi.org/10.1111/j.1367-0271.2004.00128.xopenalex-snapshot
Identifying the Role of Moral Hazard in International Financial Markets
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Financial Liberalisations in Latin America in the 1990s: A Reassessment
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WHY DO EMERGING ECONOMIES BORROW SHORT TERM?
inferredcites →https://doi.org/10.1596/1813-9450-3389openalex-snapshot
Why Do Emerging Economies Borrow Short Term?
inferredcites →https://doi.org/10.1596/1813-9450-3607openalex-snapshot
Agricultural Trade Reform And The Doha Development Agenda
inferredcites →https://doi.org/10.1596/978-8-2136-2399-5openalex-snapshot
Agricultural Trade Reform and the Doha Development Agenda
inferredcites →https://doi.org/10.1596/978-8-2136-6239-6openalex-snapshot
Agricultural Trade Reform and the Doha Development Agenda
inferredcites →https://doi.org/10.17016/ifdp.2002.0736openalex-snapshot
Identifying the Role of Moral Hazard in International Financial Markets
inferredcites →https://doi.org/10.2139/ssrn.727864openalex-snapshot
International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence
inferredcites →https://doi.org/10.2139/ssrn.888127openalex-snapshot
A Fiscal Price Tag for International Reserves
inferredcites →https://doi.org/10.2307/20049211openalex-snapshot
A Self-Help Guide for Emerging Markets
inferredcites →https://doi.org/10.3386/w7364openalex-snapshot
Short-Term Capital Flows

What points at this work

Incoming claims: where this work appears in other papers’ reference lists and arguments.

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Central Bank Financial Strength, Policy Constraints and Inflation
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Should Larger Reserve Holdings be More Diversified?
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The Financial Crisis and Sizable International Reserves Depletion: From ‘Fear of Floating’ to the ‘Fear of Losing International Reserves’?
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Reserve Management and Sovereign Debt Cost in a World with Liquidity Crises
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Resource Abundance: A Curse or Blessing?
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Management of Exchange Rate Regimes in Emerging Asia
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The Dollar and Its Discontents
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Capital Account Policies and the Real Exchange Rate
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International Reserves and Rollover Risk
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Executive Summary and Conclusions
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Some Issues Regarding China’s Foreign Reserves
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Introduction
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Reserve Accumulation, Sovereign Debt, and Exchange Rate Policy
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The Cost of Holding Foreign Exchange Reserves
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Foreign Currency Reserves: Do They Contribute to GDP Growth and Employment Growth?
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International Policy Coordination and Emerging-Market Economies
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Effect of Remittance Inflows on External Debt in Developing Countries
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Sudden Stops, Productivity and the Optimal Level of International Reserves for Small Open Economies
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Currency Compositions of International Reserves and the Euro Crisis
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Leaning-Against-the-Wind Intervention and the “Carry-Trade” View of the Cost of Reserves
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Editorial – Recent Trends in International Reserves: Theory and Evidence
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Fiscal Rules and the Demand for International Reserves
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Official Intervention, Reserve Accumulation and Exchange Rate Volatility
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Exchange Rate Regimes
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The Impossible Trinity (aka The Policy Trilemma)
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Monetary and Exchange Rate Policies
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Monetary Policy in Emerging Markets
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Was the Asian crisis a wake-up call?
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Optimum international reserves and sovereign risk: Evidence from India
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Net foreign assets and macroeconomic volatility
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The distortionary effects of sterilised reserve accumulation on domestic credit markets: Evidence from Uganda
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Foreign Exchange Reserves Accumulation in Latin America during the Current Crisis
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brics’ bank: possibilities and constraints
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The sovereign property of foreign reserve investment in China: A CVaR approach
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A distributionally robust optimization approach for outpatient colonoscopy scheduling
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The Role of Regime Type in the Political Economy of Foreign Reserve Accumulation
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International Reserves, Currency Depreciation and Public Debt: New Evidence of Buffer Effects in Africa
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Accumulation of reserves and keeping up with the Joneses: The case of LATAM economies
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The financial crisis and sizable international reserves depletion: From ‘fear of floating’ to the ‘fear of losing international reserves’?
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International reserves and economic growth
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Emergence of sovereign wealth funds
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Asymmetry in forex market intervention: Does it reflect fear of reserve inadequacy?
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Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008–2009, and a cost benefit analysis
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China as a reserve sink: The evidence from offset and sterilization coefficients
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The size of banking crises in credible fixed exchange rate regimes
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Optimal reserve composition in the presence of sudden stops
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Sudden stops and financial frictions: Evidence from industry-level data
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The dollar and its discontents
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The recent growth of international reserves in developing economies: A monetary perspective
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Sovereign debt and reserves with liquidity and productivity crises
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International Reserves for Emerging Economies: A Liquidity Approach
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Optimal Reserves in Financially Closed Economies
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Ramsey-optimal fiscal spending and reserve accumulation policies under volatile aid
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A theory of rollover risk, sudden stops, and foreign reserves
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International reserves and central bank independence
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Does it matter how central banks accumulate reserves? Evidence from sovereign spreads
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Global financial cycle and liquidity management
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Balance of Payments Anti-Crises
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Debt Redemption and Reserve Accumulation
inferred← citeshttps://doi.org/10.1068/a43324openalex-snapshot
Strategic Sovereign Wealth Fund Investment and the New Alliance Capitalism: A Network Mapping Investigation
inferred← citeshttps://doi.org/10.1068/a43326openalex-snapshot
Sovereignty in the Era of Global Capitalism: The Rise of Sovereign Wealth Funds and the Power of Finance
inferred← citeshttps://doi.org/10.1080/00036846.2017.1418075openalex-snapshot
The role of international reserves holding in buffering external shocks
inferred← citeshttps://doi.org/10.1080/00213624.2020.1720584openalex-snapshot
The BRICS’s Bank, Institutional Framework, and Other Current Limitations
inferred← citeshttps://doi.org/10.1080/00213624.2022.2118496openalex-snapshot
Are Modern Central Banks too Powerful for their Own Good? A Political Economy Approach to the Desirability and Limits of All-Powerful Central Banks
inferred← citeshttps://doi.org/10.1080/00220388.2011.649257openalex-snapshot
Managing Capital Accounts in Emerging Markets: Lessons from the Global Financial Crisis
inferred← citeshttps://doi.org/10.1080/00472336.2015.1025818openalex-snapshot
When $262 Billion Is Not Enough: Rethinking Reserve Accumulation in South Korea
inferred← citeshttps://doi.org/10.1080/00472336.2020.1841267openalex-snapshot
The Strategic Logics of State Investment Funds in Asia: Beyond Financialisation
inferred← citeshttps://doi.org/10.1080/01603477.2017.1373024openalex-snapshot
Vicarelli’s Keynes (and today’s international disorder)
inferred← citeshttps://doi.org/10.1080/01603477.2022.2084630openalex-snapshot
Climate change and macroeconomic policy space in developing and emerging economies
inferred← citeshttps://doi.org/10.1080/02664763.2016.1238053openalex-snapshot
A varying coefficient approach to estimating hedonic housing price functions and their quantiles
inferred← citeshttps://doi.org/10.1080/02692171.2013.858668openalex-snapshot
The new IMF approach to capital account management and its blind spots: lessons from Brazil and South Korea
inferred← citeshttps://doi.org/10.1080/02692171.2022.2052714openalex-snapshot
Financialisation in developing countries: approaches, concepts, and metrics
inferred← citeshttps://doi.org/10.1080/03056244.2020.1857234openalex-snapshot
Dependency in a financialised global economy
inferred← citeshttps://doi.org/10.1080/09512748.2010.495997openalex-snapshot
Government of Singapore Investment Corporation (GIC): insurer of last resort and bulwark of nation-state legitimacy
inferred← citeshttps://doi.org/10.1080/09538259.2010.510318openalex-snapshot
International Reserves, Effective Demand and Growth
inferred← citeshttps://doi.org/10.1080/09538259.2025.2525937openalex-snapshot
Central Banks and the Question of Sustainability in MENA Monarchies
inferred← citeshttps://doi.org/10.1080/09692290.2013.836677openalex-snapshot
The rebranding of capital controls in an era of productive incoherence
inferred← citeshttps://doi.org/10.1080/09692290.2021.1972826openalex-snapshot
Can domestic non-deliverable forwards replace the sale of international reserves? An analysis of the Brazilian experience
inferred← citeshttps://doi.org/10.1080/09692290.2021.1997785openalex-snapshot
Unconventional central banking and the politics of liquidity
inferred← citeshttps://doi.org/10.1080/09692290.2024.2330430openalex-snapshot
The gold-exchange standard in colonial India: foreshadowing the monetary hierarchy of the international state-credit standard
inferred← citeshttps://doi.org/10.1080/09692290.2025.2542204openalex-snapshot
Imperial money and the making of currency hierarchies: evidence from Nigeria
inferred← citeshttps://doi.org/10.1080/09692290801928756openalex-snapshot
From a supporter to a challenger? Japan's currency leadership in dollar-dominated East Asia
inferred← citeshttps://doi.org/10.1080/10168737.2016.1211839openalex-snapshot
International Coordination and Precautionary Policies
inferred← citeshttps://doi.org/10.1080/10511482.2019.1681491openalex-snapshot
Housing Financialization in the Global South: In Search of a Comparative Framework
inferred← citeshttps://doi.org/10.1080/12265080802021185openalex-snapshot
Managing the Monetary Consequences of Reserve Accumulation in Emerging Asia
inferred← citeshttps://doi.org/10.1080/1226508x.2011.601626openalex-snapshot
An Accumulation of International Reserves and External Debt: Evidence from Developing Countries
inferred← citeshttps://doi.org/10.1080/13504851.2012.689102openalex-snapshot
Optimal size of currency swap between central banks: evidence from China
inferred← citeshttps://doi.org/10.1080/13504851.2018.1438579openalex-snapshot
Asymmetric stabilizing impact of international reserves
inferred← citeshttps://doi.org/10.1080/13545701.2019.1609691openalex-snapshot
Engendering Macroeconomic Theory and Policy
inferred← citeshttps://doi.org/10.1080/13552074.2010.491318openalex-snapshot
The global economic crisis, its gender and ethnic implications, and policy responses
inferred← citeshttps://doi.org/10.1080/13563467.2013.861410openalex-snapshot
Monetary Politics in Southeast Asia: External Imbalances in Regional Context
inferred← citeshttps://doi.org/10.1080/13563467.2016.1113947openalex-snapshot
Hedging neoliberalism: derivatives as state policy in Mexico
inferred← citeshttps://doi.org/10.1080/13563467.2020.1782367openalex-snapshot
Development Finance or Financial Accumulation for Asset Managers?: The Perils of the Global Shadow Banking System in Developing Countries
inferred← citeshttps://doi.org/10.1080/13563467.2021.1952561openalex-snapshot
The Impacts of Subordinated Financialisation on Workers in Peripheral Countries: an Analytical Framework and the Cases of Brazil and Colombia
inferred← citeshttps://doi.org/10.1080/14631377.2026.2718771openalex-snapshot
Fraudulent endogenous money creation in captured states the 2014 Moldovan “theft of the Century”
inferred← citeshttps://doi.org/10.1080/14747731.2014.927146openalex-snapshot
Making the Poor Pay for the Rich: Capital Account Liberalization and Reserve Accumulation in the Developing World
inferred← citeshttps://doi.org/10.1080/1540496x.2014.998562openalex-snapshot
Prolonged Reserves Accumulation, Credit Booms, Asset Prices and Monetary Policy in Asia
inferred← citeshttps://doi.org/10.1080/17530350.2018.1545684openalex-snapshot
Money and moneyness: thoughts on the nature and distributional power of the ‘backbone’ of capitalist political economy
inferred← citeshttps://doi.org/10.1080/19186444.2022.2064687openalex-snapshot
Nexus between external commercial borrowings and foreign exchange reserves in India: mercantilism or moral hazard?
inferred← citeshttps://doi.org/10.1080/20954816.2024.2410826openalex-snapshot
China, the Global South, and the transnationalisation strategy of the renminbi
inferred← citeshttps://doi.org/10.1080/2329194x.2025.2552378openalex-snapshot
The digital dollarization dilemma: Stablecoins and monetary subordination
inferred← citeshttps://doi.org/10.1086/648705openalex-snapshot
International Reserves and Underdeveloped Capital Markets
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