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Reserves and risk: Evidence from China

Rasmus Fatum, Takahiro Hattori and Yohei Yamamoto

Journal of International Money and Finance, 2023, vol. 134, issue C

Abstract: We consider if Chinese accumulation of reserves is associated with private sector risk taking. Using sovereign credit default swap spreads and stock index prices as indicators of risk taking we provide evidence to suggest that as reserve holdings increase, so does the willingness to take on more risk.

Keywords: International reserves; Risk taking; China (search for similar items in EconPapers)
Date: 2023
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Related works:
Working Paper: Reserves and Risk: Evidence from China (2020) Downloads
Working Paper: Reserves and Risk: Evidence from China (2020) Downloads
Working Paper: Reserves and Risk: Evidence from China (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:134:y:2023:i:c:s0261560623000451

DOI: 10.1016/j.jimonfin.2023.102844

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