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dc.contributor.authorZhang, Zhiwen
dc.contributor.authorMakin, Anthony J
dc.contributor.authorBai, Qinxian
dc.date.accessioned2018-10-16T04:04:20Z
dc.date.available2018-10-16T04:04:20Z
dc.date.issued2016
dc.identifier.issn0264-9993
dc.identifier.doi10.1016/j.econmod.2015.09.026
dc.identifier.urihttp://hdl.handle.net/10072/101880
dc.description.abstractThe relationship between major East Asian economies' international reserves and internationalization of their currencies presents a seeming paradox in international finance. While large international reserves may be expected to foster more widespread global use of a currency, strong growth of international reserves has been associated with very low Asian currency internationalization. Using the generalized method of moments (GMM) estimator we show the overall size of the Bank of Japan's international reserves, as well as the ratio of its foreign exchange reserves to international reserves, are negatively related to yen internationalization, while gold reserves and special drawing rights are positively related.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.relation.ispartofpagefrom452
dc.relation.ispartofpageto466
dc.relation.ispartofissuePart B
dc.relation.ispartofjournalEconomic Modelling
dc.relation.ispartofvolume52
dc.subject.fieldofresearchFinancial Economics
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchcode140207
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1403
dc.subject.fieldofresearchcode1502
dc.titleYen internationalization and Japan's international reserves
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.hasfulltextNo Full Text
gro.griffith.authorMakin, Tony J.


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